Black Americans’ Median Wealth Could Disappear in One Generation

“According to 2016 Federal Reserve data, median wealth for white families is $171,000. Black and Latino families, meanwhile, have far less wealth: Black families have a median wealth of $17,600, while Latino families have $20,700.

It would take decades to centuries for Black families to achieve the same amount of wealth that white families have. According to a 2016 report from the Institute for Policy Studies, it would take Black families 228 years to reach the same amount of wealth that white families have today.”

https://truthout.org/articles/black-americans-median-wealth-could-disappear-in-one-generation/

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