A recent study titled 'The Color of Wealth in Chicago' released on Monday has revealed significant wealth disparities among Black, Latino, and white families in Chicago and surrounding counties, including DuPage, Kankakee, and McHenry. According to the study, the typical Black household in Chicago has zero net worth, with limited assets such as stocks, IRAs, homes, and savings. These financial limitations hinder their ability to plan for the future. The study highlights deep-rooted wealth inequities based on race, ethnicity, and immigration status.
The Color of Wealth in Chicago: A study revealed a wide gap in Black, Latino and white families’ assets. https://t.co/ws9tGq2Ntw https://t.co/2blL2clY4t
Amazing stat from @louisestory and @ebonyreed: If the wealth gap between white and black families in America keeps closing at the rate of the past 30 years, black families will catch up to white families in...291 years. https://t.co/P29CiSgEd1
A Boston Indicators report finds that Black and Hispanic residents in Massachusetts are saving far less money for retirement than their white counterparts, perpetuating wealth gaps in the state and the U.S. @[The Boston Foundation] @[Amplify Latinx] https://t.co/03zgNwwQYZ
The history of the Black-white wealth gap explored in new book https://t.co/FOcYNPnIgh
New study highlights stark racial wealth gap in the New Orleans area https://t.co/7zrWBdMRis via @The_Gambit
A new study released Monday finds deep-rooted wealth inequities based on race, ethnicity and immigration status in Chicago and 10 counties including DuPage, Kankakee and McHenry. https://t.co/Yvtll9mroP
The Color of Wealth in Chicago: A study revealed a wide gap in Black, Latino and white families’ assets. https://t.co/09s45rL0Iy https://t.co/dFOaKIgy7J
The typical Black household in Chicago has zero net worth, accdg to a study released today. Far less likely than most groups to own stocks, IRAs + homes, and with less liquid assets like savings, they have limited ability to plan their financial future. https://t.co/YYbalawJXn