"Another commonly held misconception is that black families have a cultural predisposition to under-value education (Loury 1985, Ogbu 1978). Black parents are alleged to invest insufficiently in their children’s education. However, the best evidence indicates that black families, controlling for household type and socioeconomic status, tend to be more supportive than white families of their children’s education through direct financial support. Black parents who provide some support for their children’s higher education have two-thirds of the median net worth of white parents who provide no support for their children’s higher education. (Nam et al., 2015).
For given levels of household income, parental educational attainment, and/or parental occupational status, black youth also get more years of schooling and acquire more credentials than white youth whose parents have a similar status (Mason 1997, Mangino 2010)." from
What We Get Wrong About Closing The Racial Wealth Gap by Attorney Antonio Moore
https://socialequity.duke.edu/sites/socialequity.duke.edu/files/site-images/FINAL COMPLETE REPORT_.pdf