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Racial Disparity in Wealth Creation
Thursday, August 06, 2020, 2:00 PM - 3:00 PM CDT
Category: Professional Development


Racial Disparity in Wealth Creation

One of the starkest manifestations of racial inequality in the United States is the wealth disparity between whites and people of color.  Pew Research Study from 2016 found that the net worth of a typical white family is $171,000, which is nearly ten times greater than that of a Black family ($17,150) and eight times that of Hispanic households ($20,600).

In a national study by WalletHub, the disparities hold true closer to home. Among the 50 states, Wisconsin had the highest disparities between its Black and white residents in both median annual household income and labor force participation rate. WalletHub calculated a 107% racial income gap for the state, meaning that the median yearly income for a white household in Wisconsin is more than double that of a Black household.

This Race Bridge conversation will explore the racial disparities in wealth creation and how education, home ownership, entrepreneurship, employment and more play into these historical divides. Our panel of experts will help us understand the issues and share ideas on how to level the fields, offering equal opportunity to everyone.

 

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