Racial and Ethnic Inequalities in Household Wealth Persist

Benjamin Lahey, Rajashri Chakrabarti and Natalia Emanuel

No 20240628, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: Disparities in wealth are pronounced across racial and ethnic groups in the United States. As part of an ongoing series on inequality and equitable growth, we have been documenting the evolution of these gaps between Black, Hispanic, and white households, in this case from the first quarter of 2019 to the fourth quarter of 2023 for a variety of assets and liabilities for a pandemic-era picture. We find that real wealth grew and that the pace of growth for Black, Hispanic, and white households was very similar across this timeframe—yet gaps across groups persist.

Keywords: wealth inequality; inequality; pandemic; demographics; racial inequity (search for similar items in EconPapers)
JEL-codes: D31 (search for similar items in EconPapers)
Date: 2024-06-28
New Economics Papers: this item is included in nep-his and nep-ure
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