The Racial Wealth Gap 1992-2022
National Community Reinvestment Coalition
First published October 2024
Black households are increasingly dependent on homeownership as a wealth-building strategy. Yet homeownership is out of reach for most low- and moderate-income (LMI) families. Black households in particular also lack liquid assets, which compounds the effects of homeownership disparities – and which helps explain why the Black/White wealth gap has changed little since 1992. To make progress in narrowing the racial wealth gap, governments should enact policies to make housing more affordable and promote homeownership, facilitate entrepreneurship and enable Black and Hispanic Americans to better save for retirement.
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