How Much Do Racial Wealth Gaps Affect the Next Generation? [PSMag.com]

Samantha Sangenito 5/10/164:00 AM

Racial differences (white versus black and Hispanic) dominate whether looking at average or median net worth, and the gap grows as the head of the family ages. Median figures are especially sobering, showing the limited wealth generation of representative black and Hispanic heads of families regardless of age.
So, do these advantages and disadvantages transfer to the next generation? Yes, and not just laterally. This second chart looks at the relationship between inheritance and wealth generation.

[For more of this story, written by Martin Hart-Landsberg, go to https://psmag.com/how-much-do-...37d0ac291#.y04fg8fpt]

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