A look at Black-owned businesses in the U.S.
While Black-owned businesses have grown significantly in the U.S. in recent years, they still make up a small share of overall firms and revenue.
Numbers, Facts and Trends Shaping Your World
While Black-owned businesses have grown significantly in the U.S. in recent years, they still make up a small share of overall firms and revenue.
The median wealth of immigrant households increased by 42% from December 2019 to December 2021.
About one-in-four Black households and one-in-seven Hispanic households had no wealth or were in debt in 2021, compared with about one-in-ten U.S. households overall.
Black workers account for about 13% of all U.S. workers, including those who work full time, part time and are self-employed.
68% of Black adults in the U.S. say they do not have enough income to lead the kind of life they want, but a majority are optimistic that they will one day.
Burmese (19%) and Hmong Americans (17%) were among the Asian origin groups with the highest poverty rates in 2022.
While Black adults define personal and financial success in different ways, most see these measures of success as major sources of pressure in their lives.
Immigrants – particularly those from African nations – are a growing share of the U.S. Black population.
In the United States, the transience of economic status varies significantly across racial and ethnic groups and by level of education.
Here’s a look back at 2023 through some of our most striking research findings.
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