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The average wealth gap between white families and Black and Hispanic ones reached a new high in 2022, according to a new report by the Urban Institute.
In 2022, the median wealth for Black households was approximately $44,890 ... The homeownership rate gap between Black and white Americans was the same in 2020 as it was in 1970 — two years ...
By that measure, the racial wealth gap widened in 2022. ... Because of the uneven increases, the wealth gap between white and Black families expanded by about $50,000, bringing the total wealth ...
A 2022 study in PNAS found that earnings inequality in the United States did not increase over the preceding decade, marking the first reversal of rising earnings inequality since 1980. The reversal was due to a shrinking wage gap between low-wage workers and median-wage earners, which was due to broadly rising pay in low-wage professions.
A strong performance in financial markets, particularly an outsize gain for the stock market in 2021, helped entrench existing trends of wealth inequality during the pandemic, new data released ...
The wealth gap shows no signs of significantly closing as long as it’s harder for Black people to own a […] The post Black families have more wealth. They’re still poor. appeared first on ...
In the 2022 American Community Survey, the following figures regarding detailed Asian ethnicities are reported. [4] The NRCC Asian American income is better understood when household size and cost of living is factored as many Asian American groups have larger households and disproportionally live in metropolitan areas where the cost of living ...
February 11, 2022 at 11:28 AM. Gareth Cattermole. ... The median Black household wealth was forecast to hit zero by 2053 in a 2017 report by Prosperity Now and Institute for Policy Studies.