Tuesday, February 14, 2017
Single-parent white families have more wealth than two-parent black and Latino families
According to a new study from public policy organization Demos, two-parent black households had approximately $16,000 in median wealth in 2013, while two-parent Latino households had $18,800 in wealth. Those numbers are trumped, however, by the median wealth of a single-parent white household: $35,800. That means that a white single parent still has 2.2 times more wealth than a two-parent black household and 1.9 times more wealth than a two-parent Latino family. The amount of wealth for a median two-parent white family is much higher than all of these at $161,300.