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Pew Research Study Report Widening Wealth Gap Across Racial Lines

By: SmartChoiceMoms Staff

The Pew Charitable Research Center just published a sobering report of the money-256312_1920wealth gap in the United States. The report underscore the importance of teaching wealth building, money management, and financial education especially within communities of color.                                  Here is a copy of the report:


The analysis of Federal Reserve data does reveal a stark divide in the experiences of white, black and Hispanic households during the economic recovery. From 2010 to 2013, the median wealth of non-Hispanic white households increased from $138,600 to $141,900, or by 2.4%.

Meanwhile, the median wealth of non-Hispanic black households fell 33.7%, from $16,600 in 2010 to $11,000 in 2013. Among Hispanics, median wealth decreased by 14.3%, from $16,000 to $13,700. For all families — white, black and Hispanic — median wealth is still less than its pre-recession level.

Read more from the article below.


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