The Racial Wealth Gap Explained in 60 Seconds

The Color of Wealth Inequality …

According to Wolff’s calculations, the median black family is actually only worth $1,700 when you deduct these durables. In contrast, the median white family holds $116,800 of wealth using the same accounting methods. Black household wealth, Wolff adds, actually fell during the Great Recession from $6,700 to $1,700.

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