However, more than half of students or their families also borrow to finance their studies. And racial wealth disparities make black students more likely than white students to borrow for their education. 15 Similarly,  12  See FRB Kansas City, Grow Your Own, in note 10.
Accordingly, we will continue to monitor very closely all developments over the period ahead. Allow me to explain our assessment in greater detail, starting with the economic analysis. When analysing current developments in economic activity, we face an extraordinarily high degree of uncertainty in large part stemming from the intensification and broadening of the financial market turmoil.