What Was Black Net Worth in 2016
In 2016, the median net worth of Black households in the United States was significantly lower than that of white households. Net worth is the total value of assets minus liabilities, including savings, home equity, investments, and debts.
Key Factors Influencing Net Worth
Historical barriers such as limited access to credit, discrimination in housing markets, and lower average incomes contributed to the gap. Homeownership rates, inherited wealth, and disparities in retirement savings also played a role in shaping the 2016 figures.
Sources and Further Data
The Federal Reserve’s Survey of Consumer Finances provides detailed data on household wealth by race and ethnicity. Additional context can be found in reports from the Brookings Institution.
Federal Reserve Survey of Consumer Finances
