Racial Wealth Inequality Is Rampant In The U.S.
The sheer scale of the problem can be seen from the following infographic. Since 1983, black and latino families have experienced a steep fall in wealth from $6,000 and $4,000 to just $1,700 and $2,000 respectively in 2013. Despite taking a considerable hit during the financial crisis, white households still had a median wealth of $116,800 in 2013. The study projects that the wealth gap will widen further in the coming years with black household wealth set to fall 30 percent between today and 2024. The median latino household will also see its wealth fall 20 percent by 2024 while white households will record a five percent increase.
This chart shows median household wealth by race/ethnicity in the United States from 1983 to 2024.