Tag: wealth gap
![Photo of a Black family visiting their parents](https://crr.bc.edu/wp-content/uploads/2024/05/iStock-1434816508.png)
The stark difference in Black and White workers’ wealth is old news. But now we have some fresh information about the wealth gap: it grows as people age and move through their retirement years. The most striking deterioration in Blacks’ relative standing can be seen in non-housing wealth. This mainly consists of 401(k)-style plans and…
![Investment in the real estate business. Money coin stack growing](https://crr.bc.edu/wp-content/uploads/2023/03/Money-coin-stack-growing-graph-and-wood-house-model-1536x1025.jpeg)
Abstract Housing wealth is an important resource for economic security in retirement. Yet, Black households approaching retirement have only a fraction of the housing wealth held by White households. One reason is that Black households are less likely to own homes in the first place. A second reason, which is the focus of this paper,…