The Racial Wealth Gap in America: Asset Types Held by Race
People of color have faced economic inequality for generations, and the recent wave of Black Lives Matter protests has renewed discussions on these disparities.
Compared to White families, other races have lower levels of income and net worth. They are also less likely to hold assets of any type. In fact, 19% of Black families have zero or negative net worth, while only 9% of White households have no wealth.
This chart uses data from the U.S. Federal Reserve’s triennial Survey of Consumer Finances to highlight the racial wealth gap, and the proportion of households that own different kinds of assets by racial group.
First published: June 12 2020 (link)
Source files included: .ai, .eps, .pdf
Data source: Bain & Company, Global Web Index
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