The survey also found that:
• Only 30 percent of college-educated Hispanics said they would be able to come up with $2,000 if an unexpected need arose within the next month, compared to 50 percent of non-Hispanic whites.
• Just 32 percent of college-educated Hispanic respondents displayed basic financial literacy.
• Nearly 25 percent of college-educated Hispanics surveyed have taken loans or hardship withdrawals from their retirement accounts.
• 50 percent of college-educated Hispanic credit card holders have engaged in practices that can lead to high interest rates, like only paying minimum payments, using cards for cash advances, or exceeding their credit line.
•College-educated Hispanics were nearly twice as likely as non-Hispanic whites to use a pawn shop (22 percent to 11 percent), take a payday loan (17 percent to 8 percent) or use any kind of high-cost borrowing method (35 percent to 19 percent).