Black wealth is increasing, but so is the racial wealth gap
Written by Black Hot Fire Network on March 10, 2024
Editor's note:
This piece has been updated with clarifications on data and sourcing, and a correction to Figure 1 and Figure 4.
According to the latest data from the Federal Reserve’s Survey of Consumer Finances, the nation’s racial wealth gap increased during the COVID-19 pandemic. Between 2019 and 2022, median wealth increased by $51,800, but the racial wealth gap increased by . . .
