The economy is recovering, but not the bottom line for black Americans, according to new figures from the Pew Research Center.
The median wealth of black households dropped an astonishing 34 percent from 2010 to 2013, according to Pew’s analysis of Federal Reserve data. That of white households grew slightly over the same period.
In dollars, that meant the median white household was worth $141,900, while the median black household was worth just $11,000. Wealth was defined here as the difference between the value of the household’s assets — like a house and stocks — and its liabilities.