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Published 13 days ago

Black Wealth Is Increasing, But So Is The Racial Wealth Gap

Summary by caro.news
The Brookings Institution  According to the latest data from the Federal Reserve’s Survey of Consumer Finances, the nation’s racial wealth gap increased during the COVID-19 pandemic. Between 2019 and 2022, median wealth increased by $51,800, but the racial wealth gap increased by $49,950—adding up to a total difference of $240,120 in wealth between the median white household and the median Black household. The Survey of Consumer Finances is the …

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Black Wealth Is Increasing, But So Is The Racial Wealth Gap

The Brookings Institution  According to the latest data from the Federal Reserve’s Survey of Consumer Finances, the nation’s racial wealth gap increased during the COVID-19 pandemic. Between 2019 and 2022, median wealth increased by $51,800, but the racial wealth gap increased by $49,950—adding up to a total difference of $240,120 in wealth between the median white household and the median Black household. The Survey of Consumer Finances is the …

13 days ago·Raleigh, United States
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