Download the Fact Sheet [PDF]
The growing racial wealth gap occurring in the United States is crippling communities of color, especially African American families. This gap is a result of systemic and social barriers that keep people of color from achieving and enjoying economic success. This fact sheet highlights racial disparities in some fundamental economic areas.
- The median wealth of White households is 20 times that of African American households.
- African Americans are almost three times less likely to have a bank account compared to the general population.
- Only 44 percent of African Americans own a home compared to 73.5 percent of Whites.