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The gender pay gap is widest for Black and Hispanic women. Those groups of women earned 69 cents and 58 cents, respectively, for every dollar a white, non-Hispanic man earned in 2022.
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.
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 ...
“More solvent” households gained a median of $19,700 in wealth from 2019 to 2021, while “wealthier” households earned an extra $57,800 to their net worth and “richer” households added ...
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 addition to the gender pay gap, a "family gap" also exists, wherein women with children receive about 10-15% less pay when compared to women without children. [ 46 ] [ 76 ] According to Jane Waldfogel, professor of social work and public affairs at Columbia University , this family gap is a contributing factor to the United States' large ...
A decade ago, full-time, year-round working women earned about 80% of men's... 50 US Cities With Gender Wage Gaps Over $10,000 — Could You Grow Your Wealth by Moving? Skip to main content