- Aug 28, 2015
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Inheritance matters a lot more than previously thought. Guess who’s getting the lion’s share.
The gap between blacks and whites in income is big, but nowhere near as big as the gap in wealth. According to the Federal Reserve’s Survey of Consumer Finances, as of 2013 the median white household had $13 in net wealth for every $1 in net wealth of the median black household. For whites vs. Latinos, the gap was only a bit smaller, $10 vs. $1.Inheritance matters a lot more than previously thought. Guess who’s getting the lion’s share.
Read more
https://www.bloomberg.com/news/arti...ason-whites-are-richer-than-blacks-in-america
The gap between blacks and whites in income is big, but nowhere near as big as the gap in wealth. According to the Federal Reserve’s Survey of Consumer Finances, as of 2013 the median white household had $13 in net wealth for every $1 in net wealth of the median black household. For whites vs. Latinos, the gap was only a bit smaller, $10 vs. $1.Inheritance matters a lot more than previously thought. Guess who’s getting the lion’s share.
Read more
https://www.bloomberg.com/news/arti...ason-whites-are-richer-than-blacks-in-america