According to a recent Federal Reserve study, the racial wealth gap has widened during the pandemic, with the difference in median wealth between White and Black households exceeding $240,000.
However, findings also suggest that both housing equity and median wealth have increased for Black households.
Other wealth-building concepts such as business equity, finance practices, and asset accumulation remain stagnant as a result of decades-long discrimination, and remain high-priority areas for improvement.
Click here to read the full article
|