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18 Σεπ 2023 · The racial wealth gap is the largest of the economic disparities between Black and white Americans, with a white-to-Black per capita wealth ratio of 6 to 1. It is also among the most persistent.
Nationally, the Black-white Racial Wealth Gap is 1:6. That means that for every $1 of wealth owned by a Black household, white hosueholds own $6. In Georgia, the number is worse; sitting at 1:8, and in the City of Atlanta that number is 1:46.
17 Ιαν 2024 · The Atlanta Wealth Building Initiative has found that white Atlanta families have a median household income of $83,722–three times higher than Black families’ median income of $28,105. When looking at total wealth, the gap widens enormously.
1 Αυγ 2022 · The researchers estimate that if Whites and Blacks had had equal opportunities for wealth accumulation over the last century and a half, the wealth gap today would be 3 to 1, rather than twice that.
Income gaps along racial lines are the result of long-standing structurally discriminatory policies. Although laws have changed, the legacy of these policies still affects people today. Read Partners Update on how benefits cliffs differentially affect minority populations.
9 Ιαν 2024 · Between 2019 and 2022, median wealth increased by $51,800, but the racial wealth gap increased by $49,950—adding up to a total difference of $240,120 in wealth between the median white...
14 Ιουν 2022 · Why did the racial wealth gap fall so quickly? One reason is the effect the Civil War and abolition had on white slaveowners. Enslaved people had been a huge form of wealth — about 15% of the total wealth of white America in 1860. Hence, their liberation reduced the average wealth of white America, thereby shrinking the racial wealth gap.
