Asset Building Briefs & Summaries Financial Inclusion

Assets and Liabilities, Educational Expectations, and Children’s College Degree Attainment

Building on an emerging area of research, this study uses a longitudinal data set and controls for many other variables to examine household assets (financial and nonfinancial) and liabilities (secured and unsecured)1 and their association with later attainment of a bachelor’s degree. We also investigate relationships of assets and liabilities with educational expectations of both parents and children, which, in turn, may be linked to college completion.

Project: College Success


Zhan, M., & Sherraden, M. (2009, November). Assets and liabilities, educational expectations, and children’s college degree attainment (CSD Research Brief No. 09-63). St. Louis, MO: Washington University, Center for Social Development.