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Racial and Ethnic Household Wealth Trends and Wealth Inequality

 Figure showing average real household wealth by race and equity for Black, Hispanic, White compared to average real household net worth

SOURCES: Distributional Financial Accounts and Center for Household Financial Stability’s calculations.

NOTE: Vertical bars indicate recessions.

This figure shows average real family wealth by race and ethnicity. On average, all families experienced growth from 1989 to 2020, though the wealth of white families grew more consistently over that time frame.

This figure shows the magnitude and persistence of the Black/white and Hispanic/white wealth gaps from 1989 to 2020.

SOURCES: Distributional Financial Accounts and Center for Household Financial Stability’s calculations.

NOTE: Vertical bars indicate recessions.

This figure shows the magnitude and persistence of the Black/white and Hispanic/white wealth gaps from 1989 to 2020. The average Black/white ratio was 20 cents per $1 over this period, while Hispanic families had 22 cents, on average, per $1 of white family wealth. As seen in the figure, Black and Hispanic family wealth has fluctuated relative to white family wealth from 1989 to 2020. However, the gaps (represented by low ratios) remain sizable.

This bar chart shows the average family wealth for Blacks, Hispanics and whites in the second quarter of 2020.

SOURCES: Distributional Financial Accounts and Center for Household Financial Stability’s calculations.

This bar chart shows the average family wealth for Blacks, Hispanics and whites in the second quarter of 2020. Black families had 23 cents for every dollar of white family wealth, while Hispanic families had 20 cents per every dollar of white wealth during this time frame.