Wealth Inequality and the Racial Wealth Gap

Aditya Aladangady and Akila Forde

No 2021-10-22, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: In the United States, the average Black and Hispanic or Latino households earn about half as much as the average White household and own only about 15 to 20 percent as much net wealth. As we see in Figure 1 below, this wealth gap has widened notably over the past few decades.

Date: 2021-10-22
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2021-10-22

DOI: 10.17016/2380-7172.2861

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