The legacy of slavery, redlining, and discrimination limits Black families’ wealth compared with white families: Median family net worth by race and ethnicity, selected years from 1989 to 2019

White Black
1989 $143,563   $8,552 
1992 $124,603   $17,698 
1995 $128,203   $18,229 
1998 $150,957   $24,378 
2001 $177,496   $27,874 
2004 $191,111   $27,656 
2007 $211,726   $25,923 
2010 $152,878   $18,734 
2013 $155,830   $14,364 
2016 $181,871   $18,240 
2019 $189,100   $24,100 

Note: Race and ethnicity are mutually exclusive (i.e., white non-Hispanic and Black non-Hispanic).

Source: Economic Policy Institute analysis of Federal Reserve Board, “Net Worth by Race or Ethnicity” (online table) from the Survey of Consumer Finances, 1989–2019; Last updated November 4, 2021.

View the underlying data on epi.org.