USA TODAY: …The wealth gap between white and African-American families has nearly tripled over 25 years, according to a study released today by the Institute on Assets and Social Policy at Brandeis University.
Although African-American family income has increased over time, white families have accumulated much more wealth. By tracking families, the study found that the gap between white and African-American family wealth increased from $85,070 in 1984 to $236,500 in 2009…
Owning a home has largely benefited white families because they’re more able to have family financial assistance for down payments, have easier access to credit and buy homes years earlier than African-American families. As a result, their home equity has increased, providing more wealth and financial security… (more)
