USA

The Black wealth gap

How big is the gap?
It’s staggering. The net worth of a typical white family in 2016 — including home, retirement accounts, and all assets — was nearly 10 times greater than that of a Black family, at $171,000 to $17,600. This gulf even includes African Americans whose households are headed by college graduates, who actually have less net worth than white households headed by high school dropouts. Wealth begets wealth through generations, and African Americans have missed out on that transfer for centuries.

Source:

theweek.com

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