A $1 million wealth gap now divides white families from Black and Hispanic ones, research shows

A $1 million wealth gap now divides white families from Black and Hispanic ones, research shows

We should remember that the wealth gap is still a serious issue and one that contributes to the frustration and anger of so many people. From the article:

"New research from the Urban Institute shows the persistence of a wealth gap that has plagued American workers and families for generations."

"The average wealth gap between white families and Black and Hispanic ones reached a new high in 2022, topping $1 million in household wealth, according to a new report."

"The median wealth for white families was $284,000, compared to $62,000 for Hispanic families and $44,000 for Black families."

“In a nation that professes that those who work hard and play by the rules should be rewarded with social and economic upward mobility, these persistent disparities are a stark reminder that, as a society, we have not achieved this goal,” the report said."

Read the article here: