wealth data

The Black wealth gap is not a result of lack of effort, ambition, or education—it’s the outcome of structural racism embedded in U.S. economic policy and institutions for over 400 years. Closing the gap requires systemic reforms or innovation in approaches, not just individual solutions. Its about the numbers.

- Asian households: $536,000 – the highest median wealth of all groups 

 - Non‑Hispanic White households: $285,000 (53.1% less than Asians)

- Hispanic/Latino households: $61,600 (approx. $62,000) – about one-quarter 21.6% the wealth of white households

- Black households: receive $44,900 (approx. $44,100) – just over one‑sixth or 15.7% the wealth of white households and 27.4% less household wealth than Hispanic households whose came centuries after Black people were forced to labor as enslaved workers who were not paid.

Addressing the Black wealth gap is not just about economics—it’s about interest and repair. 

While both Black and Hispanic Americans face wealth disparities compared to whites, Hispanic communities have built wealth more quickly, often supported by government programs similar to those that benefited white Americans. 

In contrast, Black Americans have been uniquely burdened by centuries of compounded racial exclusion from wealth-building systems. Effective solutions must directly confront these specific, lineage- and culturally-based harms with race-conscious policies that reflect the historical realities documented in American history.