How Do College-Educated Latinos Fare On Personal Finance?
Does having a college degree make money matters better? That’s not actually the case, according to a recent survey:
Almost six-in-ten college-educated Hispanics surveyed in a new report find it hard to cover expenses and save for the future, according to a new report.
The issue isn’t that we’re making less money (though I’m sure that may actually be true), but that as a group we don’t have the right kind of literacy to manage it. According to the survey, only 12% of college-educated Latinos demonstrated “advanced” financial knowledge and just 32% had basic financial literacy. These rates are lower than those in other groups. In other words, we don’t know how to manage money well.
Since I used to work there, I know that the Houston Public Library has a great list of resources to help you with your financial education: HPL Financial Resources. Four that I recommend to get you started (as a beginner):
I think I need to recruit a finance expert to start a personal finance basics series on this blog. Now I just have to find one. And, of course, I need to learn more myself.
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NOTES
- Source: How Do College-Educated Latinos Fare On Personal Finance? New Report « NewsTaco
- Source: How Do College-Educated Latinos Fare On Personal Finance? New Report | NBC News
- Source: Hispanic Personal Finances: Financial Literacy and Decisionmaking Among College-Educated Hispanics | TIAA-CREF
- Image source: PublicDomainPictures / Pixabay
Sandra Fernandez is a professional communicator, tech enthusiast, book lover, and blogger. You can find her main blog at SandraSays.com and more of her writing at HispanicHouston.com.