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    Report finds higher education does not protect Hispanic and black wealth

    A college degree does not protect the wealth of all racial and ethnic groups equally, a recent St. Louis Federal Reserve Bank research report found. The study was based on the data from the 2013 Survey of Consumer Finances report. The study reported families with a college graduate as its primary financial supporter earn 2.4 times more than families without a college graduate. It also found during bad economic situations, for example the recent recession, higher education protects only a select group of people, particularly whites and Asians, while Hispanics and blacks fared worse. Interestingly, black and Hispanic families headed by non-college graduates did better than their counterparts with a…