High Education, Low Returns: Financial Literacy Challenges for African Americans and Hispanics
Table 1.
Descriptive Data Overall (n = 6229)
|
| |
Mean |
Std. Deviation |
|
|
| Age (Years) |
48.80 |
15.552 |
|
|
| Years of Schooling |
11.07 |
2.278 |
|
|
| Number of Chronic Medical Conditions |
1.07 |
1.237 |
|
|
| Self-Rated Health |
2.56 |
0.999 |
|
|
| Financial Literacy |
9.45 |
3.098 |
|
|
| |
n |
% |
|
|
| Sex/Gender |
|
|
|
|
| men |
2727 |
43.8 |
|
|
| women |
3502 |
56.2 |
|
|
| Race |
|
|
|
|
| White |
5645 |
90.6 |
|
|
| African American |
584 |
9.4 |
|
|
| Ethnicity |
|
|
|
|
| Non-Hispanic |
5588 |
89.7 |
|
|
| Hispanic |
641 |
10.3 |
|
|
| Immigrant |
|
|
|
|
| No |
5858 |
94.0 |
|
|
| Yes |
371 |
6.0 |
|
|
| Working |
|
|
|
|
| No |
2579 |
41.4 |
|
|
| Yes |
3644 |
58.5 |
|
|
| Missing |
6 |
0.1 |
|
|
| Marital Status |
|
|
|
|
| No |
2589 |
41.6 |
|
|
| Yes |
3637 |
58.4 |
|
|
| Missing |
3 |
0.0 |
|
|
|
|
