Black incomes are up, but wealth isn’t | Pew Research Center

Since the 1960s, household-income growth for African-Americans has outpaced that of whites. Median adjusted household income for blacks is now 59.2% that of whites, up slightly from 55.3% in 1967 (though in dollar terms the gap has widened).

But those gains haven’t led to any narrowing of the wealth gap between the races. In fact, after adjusting for inflation, the median net worth for black households in 2011 ($6,446) was lower than it was in 1984 ($7,150), while white households’ net worth was almost 11% higher. And as NYU researcher David Low noted in a recent working paper, high-earning married black households have, on average, less wealth than low-earning married white households.

via Black incomes are up, but wealth isn’t | Pew Research Center.

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