The Pew Research Center reports median net wealth in 2013 of households headed by African Americans was less than a tenth of net wealth of households headed by whites; $11,200 for black households and $144,200 for white households. This difference exists even when controlling for education and other demographic characteristics. The impact extends inter-generationally, with reduced opportunities for children and grandchildren in African-American families because of limited assets, and the implication that today’s racial disparities will continue into the future.
