Black wealth is increasing, but so is the racial wealth gap
According to the latest data from the Federal Reserve’s Survey of Consumer Finances, the nation’s racial wealth gap increased during the...
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...According to the Survey for Consumer Finances, median Black wealth only increased from $27,970 to $44,890. In 2022, median wealth was approximately $62,000 for non-white Latino or Hispanic households and $285,000 for white households. Furthermore, by 2022, Black households possessed just $15 for every $100 in wealth held by white households.
- Brookings Institution, based on the Federal Reserve’s Survey of Consumer Finances
At Junior Wallstreeters, we are committed to addressing the racial wealth gap through financial education and career exposure in the financial field.
Financial literacy is not an option, it's a necessity. It's about having the knowledge to make informed decisions about your financial future.
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