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Work in Progress: Wealth Disparities Photo Essay
Wealth disparities for middle-income blacks and Hispanics have worsened over the past three decades relative to white families, largely because of a lower likelihood of owning homes and retirement accounts, according to the Urban Institute.
New research from the Washington, D.C.-based nonprofit points to an extraordinary wealth inequality between the races.
Whites on average had six times the net worth of blacks and Hispanics in 2010, or $6 for every $1 (an average of $632,000 vs. $103,000). Comparing the median that year, whites actually had eight times as much wealth.