The average Black household has fewer resources than the average white one — and the disparity is only getting worse. In 2015, the median wealth of white households was 16 times that of Black households, according to a study from Brandeis University and public policy organization Demos. The numbers are stark — while the typical white household has more than $100,000 in assets, the typical Black household has just over $7,000. Lack of homeownership and limited access to higher education play a large part: the study cites discriminatory lending practices, lack of enforcement of anti-discrimination laws in housing, and continued educational segregation as key factors behind those disparities.
