Congressional Member’s Report Card

WHAT? Democracy. WHO? Decides.

Wealth Inequality

RACIAL WEALTH INEQUALITY – IN U.S

  • According to Survey of Consumer Finances data, the median Black family has $24,100 in wealth. This is just 12.7 percent of the $189,100 in wealth owned by the typical White family. The median Latino family, with $36,050, owns just 19.1 percent of the wealth of the median White family.
  • Median Black family, with just over $3,500, owns just 2 percent of the wealth of the nearly $147,000 the median White family owns. The median Latino family, with just over $6,500, owns just 4 percent of the wealth of the median White family.
  • Put differently, the median White family has 41 times more wealth than the median Black family and 22 times more wealth than the median Latino family. www.inequality.org

PEOPLE OF COLOR SCARCE AT TOP

RACIAL INEQUALITY