#10180. Financial Stress, Race, and Student Debt During the Great Recession

September 2026publication date
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Journal’s subject area:
Social Sciences (all);
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Abstract:
As the onus of paying for higher education shifted from the state onto students and their families, student indebtedness grew across a wide range of households in the United States in the 20XXs, especially among Black and Hispanic households. Holding student debt is a financial risk that may leave households more vulnerable to economic shocks. We study the relationship between household student loan burden and the likelihood of financial stress during the Great Recession using the unique 20XX to 20XX panel of the Survey of Consumer Finances.
Keywords:
economic sociology; gender, and class; inequality; poverty and mobility; race; sociology of education

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