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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.
For every $100 the average white family had in wealth, the average Black family had $15.75, per 2022 Federal Reserve data. Is racial wealth gap 'smallest it's been in 20 years,' as President Joe ...
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 ...
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.
The net worth of the typical Black and Hispanic household in 2022 was $44,900 ... these gains are tempered by the fact that the wealth gap widened by about $50,000 when comparing the net worth of ...
While housing equity drove increases in wealth for Black Americans from 2019 to 2022, only 44 percent of Black people own a home. And the wealth gap just keeps getting wider. There is more than a ...
In the framework of American federalism, states generally have wide latitude to enact policies within their borders, including state taxation and labor laws.Among the factors that may increase inequality in a state are regressive state tax policies [2] (taxation has played a growing role in diminishing inequality since the 1980s), [3] tax incentives for large companies, [4] corruption, [5 ...
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 ...