Black and African Americans and Hispanics are financially more vulnerable as compared to non-Hispanic white Americans. On average, Black and African Americans are 8 percentage points more likely to be financially vulnerable whereas Hispanics are 6 percentage points more likely to be financially vulnerable, as compared to white non-Hispanics, after controlling for other household and regional characteristics. On average, having a college degree decreases the probability of being financially vulnerable by 11 percentage points as compared to having no high school diploma.