The staff at How Much recently visualized summaries from a Federal Reserve analysis showing how much a college degree can matter for your net worth. It turns out education can really pay…if you’re white.
This illustrates an important sociological point. When we talk about structural inequality, critics often note that we shouldn’t disregard individuals’ efforts to work and earn a better life. Getting a college degree is one of the centerpieces of this argument. These gaps show it’s not that effort doesn’t matter at all, but that inequality in social conditions means those efforts yield wildly different outcomes.
Want to read more on higher education and America’s wealth gap? Check out Tressie McMillan Cottom’s Lower Ed, Thomas Shapiro’s Toxic Inequality, and Dalton Conley’s Being Black, Living in the Red.
Evan Stewart is an assistant professor of sociology at University of Massachusetts Boston. You can follow his work at his website, on Twitter, or on BlueSky.
Comments 12
gasstationwithoutpumps — October 27, 2017
When looked at from the standpoint of the ratio of wealth, the bachelor's degree makes a bigger difference for other races than for whites. The enormous initial wealth advantage of whites reduces the additional value of the college degree.
Lunad — October 27, 2017
I wouldn't assume causation here. You could easily say that the descendents of Whites who were the beneficiaries of redlining started out with more wealth and also could afford to go to college.
Sebas — April 8, 2018
@gasstationwithoutpumps What you say is true. Still, the figure highlights existing issues is the initial wealth that gives the White demographic significant advantage over minorities in regards to education.. For many whites who start out
Connor Burnett — October 11, 2020
I read something strange, I believe that there is no place for this in the modern world, although anything can happen.. But getting an education now is doubly difficult, the pandemic is very disturbing for people, but I found a way out of the situation and am developing online. I will help and do what depends on me so that someone starts to develop in parallel, look at this veterans essays should be of interest to students, because this is a question of sociology, psychology, and in general it shows human qualities in relation to strangers because young people create help centers and also try to close the omission of governments.
Nima — December 30, 2020
good work
shakeel ali — December 30, 2020
nice post
Acton Jack — May 7, 2021
https://thesocietypages.org/socimages/2017/10/26/college-pays-if-youre-white/ cool
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