Black and African households have the highest proportion of financially vulnerable households (38.2 percent), followed by Hispanics (31.1 percent), other ethnicities which include Asians, native Hawaiian, Alaska native (30.6 percent), and white non-Hispanics (25 percent). The level of financial vulnerability decreased for all ethnicities from 2007 to 2016 except for households that belong to the other category (Figure 4.4). Households where the household head has a college degree are less financially vulnerable as compared to households where the education level of the household head is lower (Figure 4.5). Moreover, female headed households are more financially vulnerable as compared to male headed households.