Report Reveals Racial Wealth Gap Widens in the United States

A new report from WalletHub, a personal finance website, has found that the racial wealth gap in the United States is alive and well. The report, titled "2024's States with the Biggest & Smallest Wealth Gaps by Race/Ethnicity," compared the 50 states and the District of Columbia across 21 key metrics, ranging from the median household income gap to the unemployment rate gap.

The report found that the median household wealth for Black Americans is just $14,100, compared to $187,300 for non-Hispanic white households. Hispanic households also lag behind, with a median household wealth of $31,700....