Summary
A report by WalletHub has identified U.S. states with the largest racial wealth gaps, focusing on income, education, and employment differences among racial groups. The District of Columbia, Wisconsin, and Nebraska are highlighted as having significant racial economic disparities. The study used data from the U.S. Census Bureau and U.S. Bureau of Labor Statistics to rank states on these gaps.
Key Facts
- The District of Columbia has the largest racial wealth gap, with significant differences in income, poverty rates, and education levels between white and Black residents.
- D.C. has a smaller homeownership gap compared to other disparities.
- Wisconsin has the second-largest racial wealth gap, with white residents earning about 48% more than Black residents.
- In Wisconsin, Black residents are over 222% more likely to live in poverty than white residents.
- Nebraska ranks third for wealth inequality, with notable educational disparities between white and Hispanic residents.
- WalletHub used 21 metrics to rank states on racial wealth gaps, comparing the largest gap between racial groups for each metric.
- The report is based on data from the U.S. Census Bureau and U.S. Bureau of Labor Statistics.
- WalletHub publishes this report on racial wealth gaps annually.
