Studying income inequality in the US by gender and age group while completely ignoring race feels wrong when it's such an impactful variable, especially considering it's getting worse over time.
In 2016, the median net worth of non-Hispanic White households was $143,600. The median net worth of Black households was $12,920. Between 1983 and 2013, White households saw their wealth increased by 14%. But during the same period, Black household wealth declined 75%. Median Hispanic household wealth declined 50%.
In 2016, the median net worth of non-Hispanic White households was $143,600. The median net worth of Black households was $12,920. Between 1983 and 2013, White households saw their wealth increased by 14%. But during the same period, Black household wealth declined 75%. Median Hispanic household wealth declined 50%.
https://inequality.org/facts/racial-inequality/#racial-incom...
https://www.federalreserve.gov/econres/notes/feds-notes/disp...