Wealthier

Smart Chart: The Typical White Family Is 20 Times Wealthier Than the Typical Black Family

by Dave Gilson

Today, a closer look at how income inequality splits along racial lines. Whites’ average household income is 56 percent larger than that of African-Americans and 39 percent larger than that of Hispanics. But the discrepancy is even greater when it comes to wealth: The median white family holds nearly 20 times more assets than he median black family and 74 times more assets than the median Hispanic family.