Disparities in Wealth by Race and Ethnicity in the 2019 Survey of Consumer Finances

Neil Bhutta, Andrew C. Chang, Lisa Dettling and Joanne Hsu
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Andrew C. Chang: https://www.federalreserve.gov/econres/andrew-c-chang.htm

No 2020-09-28-2, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: New data from the 2019 Survey of Consumer Finances (SCF) show that long-standing and substantial wealth disparities between families in different racial and ethnic groups were little changed since the last survey in 2016; the typical White family has eight times the wealth of the typical Black family and five times the wealth of the typical Hispanic family.

Date: 2020-09-28
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2020-09-28-2

DOI: 10.17016/2380-7172.2797

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