— $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.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »