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A study by the Brandeis University Institute on Assets and Social Policy which followed the same sets of families for 25 years found that there are vast differences in wealth across racial groups in the United States. The wealth gap between Caucasian and African-American families studied nearly tripled, from $85,000 in 1984 to $236,500 in 2009.
Ethnic and racial groups also differ in rates of homeownership, residential segregation, overall wealth, exposure to crime and toxic pollutants, and in access to power in the upper reaches of our society". [6] Thus, the racial wage gap is just one aspect of inequality in the United States.
"Mixed race" (in combination with other races) and multi-ethnic categories are not listed separately. For Per Capita Income (per person income) by Race and Ethnicity go to List of ethnic groups in the United States by per capita income. Household income refers to the total gross income received by all members of a household within a 12-month ...
The twin demons of the housing market crash and the Great Recession have created historic wealth gaps among ethnic and racial groups in America, according to new Pew Research analysis: The median ...
Story at a glance Most U.S. families got wealthier during the COVID-19 pandemic, according to a new Pew Research Center study released Monday. But wealth gaps existed and persist among different ...
As the U.S. wealth gap continues to widen, Black financial experts envision paths for Black people to create meaningful wealth. […]
The racial wealth gap is now on track to compound over time, a trend with urgent implications for the future of racial justice in America, and one that should inform policymaking strategies aimed at guaranteeing fair economic opportunities in the coming years.
Creating and supporting more Black-owned businesses is one step to reducing the racial wealth gap in the US, according to a new study. Around 70% of Americans work for small businesses that employ ...
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