Oct 18, 2023 · We document racial disparities in financial well-being in the 2022 Survey of Consumer Finances. The typical White family had about six times as much wealth as the typical Black family, and five times as much as the typical Hispanic family.

Oct 18, 2023 · Wages and Salaries Drove Income Growth for White and Other Families, while Non-Retirement Government Programs Supported Growth for Black and Hispanic Families. Notes: Figure displays the contributions to growth in average income between 2019 and 2022 from various income sources by race and ethnicity.

Jan 17, 2024 · How much of the white-Black wage gap can be attributed to racial differences in education and work experience? What happens to the white-Black wage gap when those who report zero annual wages and salary are included in the analysis?

Oct 22, 2024 · The Federal Reserve Board’s Distributional Financial Accounts groups households based on the primary race/ethnicity of the survey respondent. Groups in the public dataset are mutually exclusive. The question on race includes white, Black/African American and Hispanic/Latino as options.

Oct 22, 2021 · 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.

Mar 25, 2015 · The typical white household in Boston is more likely than nonwhite households to own every type of liquid asset. For example, close to half of Puerto Ricans and a quarter of U.S. blacks don't have either a savings or checking account, compared to only 7% of whites.

Mar 1, 2022 · Black and Hispanic Americans have experienced ongoing income inequality and even more substantial wealth inequality compared with White Americans. This inequality persists across time, generations, and education levels.

According to the Fed's Survey of Consumer Finances, since 1989, the pre-tax income of the median white family has been 1.7 to 2.5 times greater than that of the median black family. While the black-white income gap is considerable, at $28,510 in 2019, it …

Aug 26, 2021 · Despite the vast changes that have occurred since the onset of the civil rights movement, the gaps between Black and white household income and wealth are as large today as they were in 1950.

Feb 11, 2021 · According to the Fed staff study, a one-percentage-point reduction in interest rates would add $25,000, or 25%, to the wealth of the typical white family, and just $5,000, or 9%, to the wealth of the typical Black family.