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Income:

Black households have a significantly lower median income than white households.

In 2023, the median income for Black households was $56,490, while for white households it was $84,630.

This translates to a 33.3% income gap between Black and white households.

Black full-time workers' median weekly wages are also lower than those of white workers.

Wealth:

Black households hold a smaller proportion of total US wealth compared to white households.

Black Americans have $5.39 trillion in wealth, while white Americans hold $134.58 trillion.

Black wealth is concentrated in housing, while white households hold a wider range of assets, including business equity and financial investments.

Black households are also less likely to own their own businesses and have retirement accounts.

Homeownership:

Black households are less likely to own their own homes compared to white households, regardless of education or income.

From 2013 to 2017, only 41% of Black households owned their own homes, compared to 73% of white households.

Other Disparities:

Black Americans are more likely to carry high-interest debt, such as student loans and credit card debt.
They also have lower savings levels compared to white households.

Black households may also experience disparities in housing costs, property taxes, and home appreciation.

These disparities are exacerbated by systemic inequalities in education, employment, and housing, as well as historical legacies of discrimination.