Members Of The Forbes 400 Hold More Wealth Than All U.S. Black Families Combined, Study Finds [forbes.com]

Alicia Doktor 1/16/194:00 AM

Wealth concentration in the United States—which is intensifying across the board—has impacted minority groups the hardest.

That is the thesis of a new report from the Institute for Policy Studies, a left-leaning think tank based in Washington, D.C.

Utilizing data from the Federal Reserve, Bureau of Labor Statistics and Forbes rich lists, among other sources, the institute found that the 400 richest Americans hold more wealth than “all Black households, plus a quarter of Latino households [combined].”

[For more on this story by Noah Kirsch, go to https://www.forbes.com/sites/n...-finds/#69a0b81c6771]

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