Minorities and Americans Without College Degrees Showed Greatest Gains In Wealth Since 2013, New Data Shows
Americans who were left behind as the country pulled out of the Great Recession — African Americans, Hispanics and people without college degrees — saw large gains in net worth over the past three years, the Federal Reserve reported Wednesday.
But the improvements didn't narrow the inequality gap: The share of U.S. income held by the top 1 percent of households reached 24 percent in 2016, a record high, and the median net worth of white households, at $171,000, was nearly 10 times larger than for black households.
The findings suggest that although a robust economy has benefited all economic groups, the wealthiest and most educated have been in a position to benefit even more because they began with such a significant advantage. . .