Similar wide divergence in the incidence of negative net worth (debts in excess of assets) is apparent among less -
educated young households (47 % versus 8 %).
Not exact matches
Young college -
educated households without student loan debt have already begun to accumulate more retirement savings than similar
households with student loan debt.
Compared with fathers heading
households with two married parents, single dads are
younger, less
educated, less financially well - off and less likely to be white.
Twenty - eight percent of fourth - graders in suburban districts are functionally illiterate, as are one in every five 12th - grade
young white men from college -
educated households.
Among the college
educated, the mean age of the student debtors is about a year
younger than
households not owing student debt (30.8 vs. 31.9).
Among
young and less -
educated households, those lacking student debt are more likely to be devoting large amounts of their monthly income to debt service (14 %) than student debtors (9 %).
Younger households tend to be more highly leveraged than older
households, and student debtor
households tend to be more leveraged than
households that do not owe student debt.5 Among the
young and college -
educated, student debtor
households are nearly twice as leveraged as their counterparts lacking student debt — 67 % vs. 34 %.
Among
young less -
educated households, the difference in indebtedness is even more stark.
About half of
young households owing student debt are headed by a college graduate, while only 35 % of
young households overall are college
educated.
An analysis of the most recent Survey of Consumer Finances finds that
households headed by a
young, college -
educated adult without any student debt obligations have about seven times the typical net worth ($ 64,700) of
households headed by a
young, college -
educated adult with student debt ($ 8,700).
Among
young, college -
educated households, about 15 % of student debtors exceed the 40 % threshold.
For example, the strategy memorandum notes their «target groups» as follows: «People who respond most favorably to such statements are older, less -
educated males from larger
households, who are not typically active information - seekers... another possible target is
younger, lower - income women...
According to documents obtained by environmental group Ozone Action and journalist Ross Gelbspan, ICE messaging strategies included targeting «older, less
educated males from larger
households who are not typically active information seekers» and «
younger, lower income women.»
Compared with fathers heading
households with two married parents, single dads are
younger, less
educated, less financially well - off and less likely to be white.