— $171,000 for white families compared to $17,150 among Black families.
The wealth gap persists at every income level, too. Among the top 10% of earners, the median net worth of white families is $1,789,300, whereas a Black family earning the same income has a median net worth of $343,160. These staggering numbers reveal what scholars and others have long known to be true: Centuries of racial discrimination at the federal, state, and local levels — beginning with slavery — have left Black Americans behind. And the gap is not closing — the Brookings Institution's research actually suggests it's getting wider.
So what to do about this persistent gap? On September 25 at 4pm EST, a group of thinkers will join Business Insider reporter for a conversation on closing the racial wealth gap. The group will discuss how policy, reparations, personal finance principles, and business directives can shift this inequality once and for all.
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Meritocracy is the only way for individuals and nations to prosper.
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