What role for “generational wealth” in explaining racial wealth disparities?

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Analysis reveals a small role of intergenerational transfers in racial wealth disparities, indicating data adjustments may not close gaps.

Intergenerational transfers account for a relatively small share of racial wealth disparities.
Findings are consistent with earlier research, despite updated data including diverse retirement assets.
Analysis revisits older literature using advanced methods and broader data through 2019.
This suggests ongoing challenges in addressing wealth equity, emphasizing the need for further exploration.

Jeffrey P. Thompson (2025) studied this question.

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Analysis reveals a small role of intergenerational transfers in racial wealth disparities, indicating data adjustments may not close gaps.