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 |
| 11 | Transaction Accounts | 8.20 | 1.50 | 1.90 |
| 12 | Certificates of Deposit | 28.00 | 12.00 | 2.00 |
| 13 | Pooled Investment Funds | 123.00 | 87.00 | 66.30 |
| 14 | Cash Value Life Insurance | 10.00 | 5.50 | 7.80 |
| 15 | Other Managed Assets | 125.00 | 16.00 | 100.00 |
| 16 | Nonfinancial Assets | 225.00 | 69.50 | 81.90 |
| 17 | Primary Residence | 230.00 | 150.00 | 200.00 |
| 18 | Owned Vehicles | 19.00 | 12.20 | 16.00 |
| 19 | Other Residential Real Estate | 170.00 | 72.00 | 130.00 |
| 20 | Net Equity in Nonres Real Estate | 75.00 | 40.00 | 55.00 |
| 21 | Unrealized Capital Gains | 60.00 | 35.00 | 50.00 |
| 22 | Other Non Financial Assets | 15.00 | 10.00 | 10.00 |
Source: “Board of Governors of the Federal Reserve System (US),” Distributional Financial Accounts, Survey of Consumer Finances, January 2021, Federalreserve.gov.
*2020 Q3- Lastest available data
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 |
| 1999:Q4 | 37,567,924 | 11 | 1,340,301 | 835,457 |
| 2000:Q4 | 38,673,618 | 12 | 1,373,308 | 888,693 |
| 2001:Q4 | 40,199,281 | 13 | 1,487,049 | 863,865 |
| 2002:Q4 | 40,171,919 | 14 | 1,604,501 | 929,069 |
| 2003:Q4 | 44,335,588 | 15 | 1,904,968 | 1,087,361 |
| 2004:Q4 | 49,939,186 | 16 | 2,202,840 | 1,377,132 |
| 2005:Q4 | 54,470,572 | 17 | 2,354,228 | 1,537,450 |
| 2006:Q4 | 57,607,756 | 18 | 2,421,757 | 1,637,027 |
| 2007:Q4 | 58,288,189 | 19 | 2,421,687 | 1,717,939 |
| 2008:Q4 | 50,893,782 | 20 | 2,124,606 | 1,387,255 |
| 2009:Q4 | 52,450,844 | 21 | 2,203,646 | 1,211,120 |
| 2010:Q4 | 55,304,395 | 22 | 2,373,081 | 1,173,605 |
| 2011:Q4 | 56,415,449 | 23 | 2,402,037 | 1,161,162 |
| 2012:Q4 | 60,712,918 | 24 | 2,586,078 | 1,242,537 |
| 2013:Q4 | 67,413,816 | 25 | 2,982,853 | 1,460,981 |
| 2014:Q4 | 71,822,185 | 26 | 3,350,556 | 1,943,995 |
| 2015:Q4 | 73,508,995 | 27 | 3,608,384 | 2,390,489 |
| 2016:Q4 | 77,180,941 | 28 | 3,892,523 | 2,658,597 |
| 2017:Q4 | 83,727,783 | 29 | 4,276,707 | 2,763,425 |
| 2018:Q4 | 83,732,790 | 30 | 4,157,664 | 2,636,346 |
| 2019:Q4 | 94,056,530 | 31 | 4,410,159 | 2,541,240 |
| 2020:Q3* | 98,627,000 | 32 | 4,405,442 | 2,450,999 |
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 |
| 11 | Education Installment Loans | 23.00 | 30.00 | 17.60 |
| 12 | Other Installment Loans | 4.80 | 2.20 | 3.00 |
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 |
| 11 | 2004 | 76.2 | 49.1 | 48.9 |
| 12 | 2005 | 76.0 | 48.0 | 50.0 |
| 13 | 2006 | 76.0 | 48.2 | 49.5 |
| 14 | 2007 | 74.9 | 47.7 | 48.5 |
| 15 | 2008 | 74.8 | 46.8 | 48.6 |
| 16 | 2009 | 74.5 | 46.0 | 48.4 |
| 17 | 2010 | 74.2 | 44.9 | 46.8 |
| 18 | 2011 | 73.7 | 45.1 | 46.6 |
| 19 | 2012 | 73.6 | 44.5 | 45.0 |
| 20 | 2013 | 73.4 | 43.2 | 45.5 |
| 21 | 2014 | 72.3 | 42.1 | 44.5 |
| 22 | 2015 | 72.2 | 41.9 | 46.7 |
| 23 | 2016 | 72.2 | 41.7 | 46.3 |
| 24 | 2017 | 72.7 | 42.1 | 46.6 |
| 25 | 2018 | 73.6 | 42.9 | 46.9 |
| 26 | 2019 | 73.7 | 44.0 | 48.1 |
| 27 | 2020 | 74.5 | 44.1 | 49.1 |
| Avg = 73.6 | Avg = 45.3 | Avg = 46.7 |
Source: Census Bureau Housing Vacancy Survey (updated 2020)
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