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September 1, 2020FEDS Notes324 citationsOpen Access

Disparities in Wealth by Race and Ethnicity in the 2019 Survey of Consumer Finances

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NBNeil BhuttaACAndrew C. ChangLDLisa Dettling

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Abstract

New data from the 2019 Survey of Consumer Finances (SCF) show that long-standing and substantial wealth disparities between families in different racial and ethnic groups were little changed since the last survey in 2016; the typical White family has eight times the wealth of the typical Black family and five times the wealth of the typical Hispanic family.

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Cite This Study

Bhutta et al. (2020) studied this question.

synapsesocial.com/papers/69df4f28de200760a8614f61https://doi.org/10.17016/2380-7172.2797
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