From the Survey of Income and Program Participation (SIPP) collected in 2011, the median white household had $111,146 in wealth holdings, compared to just $7,113 for the median Black household and $8,348 for the median Latino household.
The average white family accumulates more than six times the total assets than Latino families and seven times than Black families. By their 60s, the average white person has 11 times the wealth that blacks have.
Whites have higher rates of homeownership, bigger savings accounts, and lower student loan debt. Based on the last couple of days of posts, this should not come as a surprise.
References:
Bonus reading:
Whether you agree with the proposal/conclusion, this article expands on the numbers above and digs even deeper into how this plays out in southern states.
http://talkpoverty.org/2016/02/24/close-racial-wealth-divide/
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