Marketplace: A huge wealth gap makes economic recovery harder for Black Americans
“An average single white man under the age of 35 is 224 times as wealthy as the average single Black woman the same age, according to a new report from the Brookings Institution’s Hamilton Project. The report also found that going into the pandemic recession, Black households held 4% of household wealth in America even though they’re a little over 13% of the population. White households — 60% of the population — held 84% of household wealth…Kristen Broady at the Brookings Institution’s Hamilton Project has been looking at household wealth by race and how disparities make families more resilient or precarious in this pandemic. She said white households inherit more, more often.”