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- Since Blacks were starting from virtually nothing, their wealth rose at a much faster rate than that of Whites. Large racial disparities in wealth holding began to decline after slavery ended. The decline slowed in the segregation era, accelerate d in the civil rights era, and has reversed since the 1980s.
www.nber.org/digest/202208/exploring-160-years-black-white-wealth-gap
Oct 3, 2022 · New dataset tracks evolution of racial wealth gap from 1860 to 2020; Racial wealth gap today is legacy of vastly unequal wealth for Black and White Americans following Civil War; Racial wealth gap has been stagnant for last 40 years due to differences in Black and White households’ wealth portfolios
Aug 1, 2022 · In the last decade of the nineteenth century, the rate of decline in the White to Black wealth ratio slowed. It would take another 50 years for the gap to fall by half again, as the emergence of discriminatory laws and policies curtailed Black social, political, and economic advancement.
Sep 18, 2023 · Gains for wealthy white households have caused average white wealth to rise relative to average Black wealth, linking the evolution of the racial wealth gap to the overall rise in wealth inequality in the United States.
Jul 4, 2022 · The racial wealth gap is one of the largest and most persistent economic disparities between Black and white Americans. According to SCF+, the average Black American has held less than 20 cents for every white dollar of wealth for the past several decades.
Sep 6, 2023 · In 1860 before the abolition of slavery in the United States, the wealth gap between Black and white Americans was 60 to one. Following emancipation, that ratio dramatically fell — but has stagnated since 1950 at six to one.
In this paper, we construct the first continuous series on white-to-Black per capita wealth ratios from 1860 to 2020, drawing on historical census data, early state tax records, and historical waves of the Survey of Consumer Finances, among other sources.
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Most surveys of wealth with information on racial identity begin in the 1980s. The authors fill in 100 years of missing data on Black wealth by digitizing 50 years of southern state tax returns (from the 1860s to the 1910s) and combining that data with digitized Census data from 1860 and 1870.
