Households with a White, non-Hispanic householder had 10 times more wealth than those with a Black householder in 2021, according to the U.S. Census Bureau’s Survey of Income and Program Participation. (Photo credit should read CFOTO/Future Publishing via Getty Images)
The wealth gap between white Americans and Black and Hispanic Americans continues to widen, according to new data analyzed by WalletHub using federal statistics.
Wealth disparities don’t just affect finances — they are closely linked to health outcomes, life expectancy and social stability, experts say.
According to the U.S. Census Bureau’s Survey of Income and Program Participation, households with a white, non-Hispanic householder had 10 times more wealth than households with a Black householder in 2021.
WalletHub’s analysis found median household wealth levels of:
The lack of wealth can create large economic issues, health problems, and social problems as well.
According to Wealth Inequality.net, wealthier people tend to live longer and healthier lives. Large wealth gaps are linked to higher rates of chronic illness, mental health struggles and shorter life expectancy for lower-income groups.
WalletHub examined America's biggest and smallest wealth gaps by race and ethnicity. Per the study, non-Hispanic white Americans have a median household wealth of $250,400, compared to $24,520 for Black households and $48,720 for Hispanic households.
How does the wealth gap compare in Texas? Here's where each state ranked.
To assess racial wealth disparities in the U.S., WalletHub evaluated all 50 states and the District of Columbia using 21 key indicators, each weighted according to its importance.