Racial wealth gap persists: White families far more likely to own stocks and have higher median stock values than Black or Hispanic families
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White families are much more likely to own stocks than Black or Hispanic families - 66% vs 39% and 28% in 2022.
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The median value of White families' stock holdings was over 4 times higher than Black families' in 2022 - $67,800 vs $16,500.
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Retirement accounts are the most common way families own stocks, but far fewer Black and Hispanic families have them compared to White families.
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Stocks make up a greater share of White individuals' overall wealth compared to Black and Hispanic individuals.
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Asian American families had the highest median net worth in 2022 at $536,000, much higher than White ($285,000), Hispanic ($61,600) or Black ($44,900) families.