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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.
A December 2011 Gallup poll found a decline in the number of Americans who rated reducing the gap in income and wealth between the rich and the poor as extremely or very important (21 percent of Republicans, 43 percent of independents, and 72 percent of Democrats). [191] Only 45% see the gap as in need of fixing, while 52% do not.
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 ...
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 racial and income ...
The racial wealth gap could be reduced by 10% over three generations if Black households wrote wills at the same rate as white ones, according to a recent study.
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.
This outcome difference has severe effects on Black wealth over time — specifically for the 19% of Black families in 2019 that had negative wealth. Why Black Americans are less likely to end up ...