Older Black households are much more likely than white or Hispanic households to have education debt: Percentage of households ages 55–64 with education loan debt, by race and ethnicity, 1992 and 2019

Share of households with education loan debt White Black Hispanic
1992 3.2% 3.6% 0.2%
2019 11.5% 18.4% 7.3%

Note: In the Survey of Consumer Finances, age and other household characteristics are based on the reference person, defined as the individual for a single householder, the male in a mixed-sex couple, and the older person in a same-sex couple.

Source: Economic Policy Institute (EPI) and Schwartz Center for Economic Policy Analysis (SCEPA) analysis of Survey of Consumer Finances microdata (Federal Reserve 2022a).

View the underlying data on epi.org.