Work

Wealth Inequality and the Racial Wealth Gap

Year: 2021

Type: article

Abstract: In the United States, the average Black and Hispanic or Latino households earn about half as much as the average White household and own only about 15 to 20 percent as much net wealth. As we see in Figure 1 below, this wealth gap has widened notably over the past few decades.

Source: FEDS Notes

DOI: 10.17016/2380-7172.2861

Authors: Aditya Aladangady, Akila Forde

Institutions: Federal Reserve, Federal Reserve Board of Governors, University of Chicago

Language: English

Topic: Income, Poverty, and Inequality

Subfield: Sociology and Political Science

Field: Social Sciences

Domain: Social Sciences

SDGs: Reduced inequalities, No poverty

Open Access status: hybrid

OpenAlex ID: W3211249141

FWCI: 11.61

Cites: 18

Cited by: 75

Related to: 10