Tax Cuts and Eroding Worker Protections Made Wealth Gap More Extreme
When we examine the massive wealth gap between the rich and poor in this country, what stands out most is how differently it affects the country’s white and Black populations.
According to data from the Federal Reserve Board’s Survey of Consumer Finances, the typical Black family has $24,000 in wealth. That is less than 13% of the $190,000 in wealth held by the typical white family.