The Typical Young White Household Has Nearly $10 For Every $1 in Black Wealth

The Typical Young White Household Has Nearly $10 For Every $1 in Black Wealth

The existence of student debt — in addition to discrimination faced by households of color in labor, housing, and financial markets — contributes to large racial disparities in wealth that show up among young households early in the life course.

Even for households just getting started saving for the future, the typical young white household has nearly $10 for every $1 in Black wealth creating a head start for whites that has lifelong impacts.