Data Explorer | Economic Inequality

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Data Explorer is a publication that focuses on poverty, crime, death, and other pressing and interesting issues | Economic Inequality

Wealth Disparities Race/Ethnicity (Median)

Category
wdt_ID Category White Black Hispanic
1 Net Worth 189.10 24.10 36.00
2 Assets 306.40 53.00 71.80
3 Financial Assets 49.50 5.50 3.00
4 Savings Bonds 0.80 1.00 0.50
5 Retirement Accounts 80.00 35.00 31.00
6 Stock Holdings 50.80 15.00 15.00
7 Directly Held Bonds 121.00 0.00 0.00
8 Directly Held Stocks 30.00 12.00 25.00
9 Other Financial Assets 6.00 1.50 5.00
10 Business Equity 99.00 70.00 52.00

Median Family Net Worth 1989-2019 by Race or Ethnicity

wdt_ID Date White Black Hispanic
1 1989 143.56 8.55 9.94
2 1992 124.60 17.70 12.14
3 1995 128.20 18.23 20.87
4 1998 150.96 24.38 15.46
5 2001 177.50 27.87 16.90
6 2004 191.11 27.66 20.80
7 2007 211.73 25.92 26.05
8 2010 152.88 18.73 19.50
9 2013 155.83 14.36 15.15
10 2016 181.87 18.24 22.04
11 2019 189.10 24.10 36.05

Source: “Board of Governors of the Federal Reserve System (US),” Distributional Financial Accounts, January 2021, Federalreserve.gov.
*2020 Q3- Lastest available data

Distribution of Household Wealth (1989-2020Q3)

$ trillions

Year
Year White wdt_ID Black Hispanic
1989:Q4 18,803,191 1 803,498 438,916
1990:Q4 19,218,436 2 844,198 472,387
1991:Q4 20,463,241 3 961,233 471,361
1992:Q4 21,446,062 4 1,048,748 461,521
1993:Q4 22,777,459 5 1,076,488 458,428
1994:Q4 23,631,713 6 1,025,591 467,589
1995:Q4 25,842,754 7 1,056,869 496,570
1996:Q4 27,683,712 8 1,092,002 575,516
1997:Q4 30,461,412 9 1,166,772 730,918
1998:Q4 33,959,922 10 1,262,812 832,735

Source: “Board of Governors of the Federal Reserve System (US),” Distributional Financial Accounts, January 2021, Federalreserve.gov.
*2020 Q3- Lastest available data

Debt Disparities Race/Ethnicity (Median)

Category
wdt_ID Category White Black Hispanic
1 Debt 79.00 27.50 40.00
2 Home Secured Debt 130.00 116.00 130.00
3 Other Res Real Estate Debt 110.00 60.00 215.00
4 Installment Loans 18.00 17.00 17.00
5 Other Lines of Credit 2.00 3.50 1.20
6 Credit Card Balances 3.20 1.30 1.90
7 Other Debt 7.50 2.30 4.20
8 Mortgages Home Equity Loans 138.00 118.00 131.00
9 Home Equity Lines of Credit 24.00 15.00 13.00
10 Vehicle Installment Loans 14.00 11.00 14.00

Source: “Board of Governors of the Federal Reserve System (US),” Distributional Financial Accounts, January 2021, Federalreserve.gov.
*2020 Q3- Lastest available data

Homeownership rates show that Black Americans are the least likely group to own homes.

In 2020, the US homeownership rate was 65.8%. Among Black Americans, it was 44.10%.

Homeownership Rates by Race

wdt_ID Year White Black Hispanic
1 1994 70.2 42.6 42.2
2 1995 70.9 42.2 42.8
3 1996 71.8 44.4 42.3
4 1997 71.9 45.1 44.0
5 1998 72.6 45.9 45.7
6 1999 73.3 46.8 45.5
7 2000 73.9 47.8 47.5
8 2001 74.4 48.1 48.8
9 2002 75.0 47.7 48.3
10 2003 75.5 49.4 47.7
Avg = 73.0 Avg = 46.0 Avg = 45.5

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