College graduates represent the fastest growing demographic of consumers who have filed for bankruptcy over the past five years, according to a new report out Tuesday.

Wait, really? Our high school guidance counselors always told us that a college degree guaranteed financial success down the road.

Not necessarily so, according to the survey by the Institute for Financial Literacy, which found that wealthier, more educated households are driving the recent spike in bankruptcy filings.

‘We’re told that if you do go and get advanced education, you’re going to be almost guaranteed this economic success,