usmcstinger
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- Dec 31, 2011
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A growing share of blacks are completing high school and college. For the first time in U.S. history, 90% of Americans ages 25 and older have completed high school, according to the U.S. Census Bureau – and the share of blacks who have done so is also at the highest level on record. In 2017, 87% of blacks ages 25 and older had a high school diploma or equivalent. Although the high school completion rate for non-Hispanic whites was higher (94%) than for blacks, the gap has been gradually shrinking. In 1993, the high school completion gap was twice as large (14 percentage points) as it is today (7 points). The share of blacks ages 25 and older who have completed four years of college or more has also roughly doubled during that span, from 12% in 1993 to 24% in 2017.
Black households have only 10 cents in wealth for every dollar held by white households. In 2016, the median wealth of non-Hispanic white households was $171,000. That’s 10 times the wealth of black households ($17,100) – a larger gap than in 2007. The Great Recession of 2007-2009 triggered a stark decline in wealth for U.S. families and further widened the already large wealth gap between white and black households. Yet the black-to-white wealth gap has evolved differently for families at different income levels, according to a Pew Research Center analysis of Federal Reserve data. The wealth gap increased between middle-income black and white families, but shrank between lower-income black and white families from 2007 to 2016. Much of the reduction in the wealth gap among lower-income families was driven by a sharp decrease in wealth for whites.
Based on PEW Researcher Center and the latest Census.
Black households have only 10 cents in wealth for every dollar held by white households. In 2016, the median wealth of non-Hispanic white households was $171,000. That’s 10 times the wealth of black households ($17,100) – a larger gap than in 2007. The Great Recession of 2007-2009 triggered a stark decline in wealth for U.S. families and further widened the already large wealth gap between white and black households. Yet the black-to-white wealth gap has evolved differently for families at different income levels, according to a Pew Research Center analysis of Federal Reserve data. The wealth gap increased between middle-income black and white families, but shrank between lower-income black and white families from 2007 to 2016. Much of the reduction in the wealth gap among lower-income families was driven by a sharp decrease in wealth for whites.
Based on PEW Researcher Center and the latest Census.