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Middle-class attainment in young adulthood: higher education, student debt, and racial wealth inequality

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  • Fenaba R Addo

Abstract

For whom is higher education an engine of economic mobility? How should we value post-secondary education in a society with extreme wealth inequality and massive student loan debt? This study examines racial wealth inequality in young adulthood, its relationship with higher education, and what it means to be middle class. Also discussed, is how the racialization of student debt is intimately connected with the racial wealth gap and how policies, such as debt cancellation, may disrupt the association between wealth and higher education going forward and provide an opportunity to address the damages this relationship has created.

Suggested Citation

  • Fenaba R Addo, 2024. "Middle-class attainment in young adulthood: higher education, student debt, and racial wealth inequality," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 40(3), pages 518-529.
    • Handle: RePEc:oup:oxford:v:40:y:2024:i:3:p:518-529.
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    File URL: http://hdl.handle.net/10.1093/oxrep/grae028
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