Circular Economy

The racial wealth gap in the US is affecting its citizens and its economy – this is how

Jul 3, 2019; Los Angeles, CA, USA; United States flags fly at Dodger Stadium before the game between the Arizona Diamondbacks and the Los Angeles Dodgers. Mandatory Credit: Kirby Lee-USA TODAY Sports - 12998152

The racial wealth gap between black and white families in the US grew from about $100,000 in 1992 to $154,000 in 2016, Image: USA TODAY Sports

Sean Fleming
Senior Writer, Formative Content
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Image: Urban Institute
A complex array of factors affect the race wealth gap.
A complex array of factors affect the race wealth gap. Image: McKinsey & Company
Inheritance plays an important role in setting out early success markers for later wealth creation.
Inheritance plays an important role in setting out early success markers for later wealth creation. Image: McKinsey & Company
Non-white families’ median wealth lags far behind that of their white neighbours.
Non-white families’ median wealth lags far behind that of their white neighbours. Image: McKinsey & Company
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Related topics:
Circular EconomyInequalityFinancial and Monetary Systems
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