Racial wealth gap

The racial wealth gap refers to the significant difference in overall wealth—assets like savings, property, and investments—that exists between different racial groups. Typically, White families hold much more wealth than Black and Hispanic families. This disparity results from historical and ongoing factors such as systemic discrimination, unequal access to education, employment, and homeownership opportunities, and differences in income. The wealth gap affects economic stability, opportunities for future generations, and overall social equity, highlighting the need for policies addressing these long-standing inequalities.