Table 6.5
Median household wealth, and share of households with zero or negative wealth, by race and ethnicity, 1983–2010
| Change | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1983 | 1989 | 1998 | 2001 | 2007 | 2010 | 1983–2007 | 2007–2010 | |
| Median wealth* (thousands of 2010 dollars) | ||||||||
| Black | $6.4 | $2.9 | $13.4 | $13.1 | $9.7 | $4.9 | 52.8% | -49.7% |
| Hispanic | — | — | 4.0 | 3.6 | 9.6 | 1.3 | — | -86.3 |
| White | 95.7 | 113.6 | 109.3 | 131.0 | 151.1 | 97.0 | 57.8 | -35.8 |
| Median wealth ratios (expressed as a percent) | ||||||||
| Black to white | 6.7% | 2.6% | 12.2% | 10.0% | 6.4% | 5.0% | — | — |
| Hispanic to white | — | — | 3.7 | 2.8 | 6.3 | 1.4 | — | — |
| Share of households with zero or negative net wealth | ||||||||
| Black | 34.1% | 40.7% | 27.4% | 30.9% | 33.4% | 33.9% | -0.7 | 0.5 |
| Hispanic | — | — | 36.2 | 35.3 | 33.5 | 35.8 | — | 2.3 |
| White | 11.3 | 12.1 | 14.8 | 13.1 | 14.5 | 18.6 | 3.2 | 4.0 |
* Wealth defined as net worth (household assets minus debts)
Source: Wolff (2012)
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