75 Must-Know Statistics About Race, Income, and Wealth
Income and wealth disparities along racial lines have repercussions for all aspects of life in the U.S.: education, health, homeownership, retirement, and life expectancy.
Racial inequality in the United States has many dimensions, but one of the most impactful and broad-ranging is economic. On average, people of color experience significantly lower levels of income, retirement savings, and rates of homeownership than white Americans. Those shortfalls contribute mightily to other ill effects: poorer healthcare outcomes, lower educational attainment, and shorter life expectancies, for example.
Making strides toward improving these issues, let alone solving them, is far from simple. But a key first step is acknowledging and understanding the magnitude of the problem. And if there's a single positive associated with financial inequality along racial lines, it's that it's incredibly easy to demonstrate with data.