Many college students experience food and housing insecurity linked to limited generational wealth. A study reveals that students’ access to family financial support varies by race and ethnicity, affecting basic needs fulfillment. Financial insecurity is a primary factor leading to college dropout, influencing potential economic returns. Students from affluent backgrounds are more likely to graduate, securing high-paying jobs and funding for future generations, thereby perpetuating wealth disparities in education. The report indicates a strong need for increased college affordability, especially for low-income students, to counteract these issues.
A majority of college students report lacking sufficient food or access to stable housing while enrolled, with connections between generational wealth and basic needs insecurity.
The likelihood that students receive support from their families varies significantly by race and ethnicity, influencing their basic needs insecurity during enrollment.
Financial insecurity is a leading reason students stop out of college, impacting their expected economic return on investment and their retention rates.
Students from high-income backgrounds tend to graduate more, gaining access to higher-paying jobs, which perpetuates a cycle of intergenerational wealth and financial inequality.
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