General World News

These 2 charts show how the racial wealth gap has gotten even wider over the years

Unemployment benefits line

Summary List Placement

The systemic exclusion of Black Americans from employment, home ownership, and generational wealth is not a new story.

And the wealth gap between Black and white Americans has only persisted: In the fourth quarter of 2020, white households had a total net worth that was over 20 times that of total wealth held by Black households.  

White Americans have held most of the total wealth since the end of 1989, the first year with available data from the Federal Reserve’s Distributional Financial Accounts. This continued in 2020, when white wealth grew from the last quarter details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: BusinessInsider.Com