Day 10: Racial Wealth Gap
The racial wealth gap in the United States is staggering. According to the U.S. Federal Reserve, white families have an average net worth of more than $934,000, compared to Black families with an average net worth of $138,000 and Hispanic families with an average net worth of $191,000. These figures consider assets like homes, vehicles, income, retirement accounts, and other wealth-related items. Contributing to the wealth gap are factors like income inequality, earnings gaps, homeownership rates, retirement savings, student loan debt, and inequitable asset building opportunities.
CHALLENGES
Option 1: Read The Racial Wealth Gap in America
Option 2: Watch How the Racial Wealth Gap Was Created
Option 3: Watch reporting on SJSU Study on Silicon Valley "Pain Index" Wealth Divide