Pandemic Widens America's Stark Wealth Gap Along Racial Lines
• Overall, American households saw their wealth increase during the COVID-19 pandemic, but gains were much larger for already wealthy households.
• The median wealth gap between white and Black households narrowed slightly but remains large - white households had 9 times more wealth than Black households in 2021.
• 29% of Black households had no wealth or were in debt in 2019, dropping to 24% in 2021, still far higher than the 11% national average.
• Asian households had more wealth than white households in 2021.
• Factors boosting household wealth during the pandemic included stimulus payments, reduced spending, and rising home prices.