Although Black and Hispanic Americans have accumulated more wealth in recent years, their net worth still lags far behind that of White Americans. CNN values your feedback 1.

By 1950, the ratio of white-to-Black wealth fell to 7 to 1. Today, it's 6 to 1. For every dollar the average white American has, the average Black American has only about 17 cents.

However, the increasing concentration of wealth in the hands of the one percent means that the racial wealth gap continues to widen.. “Despite faster growth in wealth for the typical Black and ...

How tax laws contribute to America's racial wealth gap 05:57. Half a century ago, the life expectancy of Black Americans was significantly lower than the life expectancy of White Americans — 10 ...

Although the growth of Black families’ median household wealth outpaced that of white (31%) and Hispanic (47%) households, Black families still had the lowest median net worth of any group, at ...

In 2016, the median net worth of white households was $171,000, according to the Pew report. This is compared with black household wealth of $17,100 and $20,600 for Hispanic households.

From 1619 to 1865, Black wealth didn’t exist since Blacks, especially in the South, were chattel. That’s more than two centuries of providing labor without benefiting from the work.

The Congressional Black Caucus announced a resolution on March 21 aimed at ending the racial wealth gap. The resolution highlights policies historically keeping Black Americans from building ...

Here is Bob Johnson’s better idea. The man who became America’s first Black billionaire after creating Black Entertainment Television (BET) is unveiling a plan to close the Black-White wealth ...

Racial disparity in wealth. According to a report by the Institute for Policy Studies, white families in America have a median net worth of about $116,000, after consumer goods are depreciated ...

Although Black and Hispanic Americans have accumulated more wealth in recent years, their median net worth still lags far behind that of White Americans. The net worth of the typical Black and ...

The wealth gap shows no signs of significantly closing as long as it’s harder for Black people to own a […] The post Black families have more wealth. They’re still poor. appeared first on ...