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The data source of this report is the 2016 Survey of Consumer Finance [1] and they prepared a separate report [2] looking specifically at wealth-holding by race
by meritt 8y ago
The data source of this report is the 2016 Survey of Consumer Finance [1] and they prepared a separate report [2] looking specifically at wealth-holding by race and ethnicity.
> In 2016, white families had the highest level of both median and mean family wealth: $171,000 and $933,700, respectively (figure 1). Black and Hispanic families have considerably less wealth than white families. Black families' median and mean net worth is less than 15 percent that of white families, at $17,600 and $138,200, respectively. Hispanic families' median and mean net worth was $20,700 and $191,200, respectively.
[1] https://www.federalreserve.gov/econres/scfindex.htm https://www.federalreserve.gov/econres/scfindex.htm
[2] https://www.federalreserve.gov/econres/notes/feds-notes/recent-trends-in-wealth-holding-by-race-and-ethnicity-evidence-from-the-survey-of-consumer-finances-20170927.htm https://www.federalreserve.gov/econres/notes/feds-notes/rece...