Racial wealth gains and gaps: Nine facts about the disparities

Arbeitspapier

Every three years, the Federal Reserve System conducts the Survey of Consumer Finances (SCF)-one of the most detailed examinations of household wealth in the U.S. The two most recent surveys were conducted in 2019 and 2022, thus providing a valuable resource to researchers exploring wealth changes during the Covid-19 pandemic and recovery. This working paper draws from the SCF and other important sources to present data on the racial wealth gap and socioeconomic factors that impact the racial disparity in net worth between households by race and ethnicity. We demonstrate that the racial wealth gap continues to worsen, despite increased educational attainment, business formation, and homeownership.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Working Paper ; No. WP 2024-03

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Personal Income, Wealth, and Their Distributions ; Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity ; Education and Inequality

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Broady, Kristen ; Barr, Anthony ; Booth Bell, Darlene ; Cain, Lucas
• Ereignis: Veröffentlichung
• (wer): Federal Reserve Bank of Chicago
• (wo): Chicago, IL
• (wann): 2024

Weitere Informationen

• DOI: doi:10.21033/wp-2024-03
• Handle: http://hdl.handle.net/10419/284088
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ