A booming U.S. stock market doesn’t benefit all racial and ethnic groups equally
Nearly two-thirds of White families (66%) owned stocks directly or indirectly, compared with 39% of Black families and 28% of Hispanic families.
Numbers, Facts and Trends Shaping Your World
Nearly two-thirds of White families (66%) owned stocks directly or indirectly, compared with 39% of Black families and 28% of Hispanic families.
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.
The median wealth of immigrant households increased by 42% from December 2019 to December 2021.
Generation Xers were hit particularly hard in the recession. Yet Gen Xers are the only generation of households to recover the wealth they lost in the downturn.
After more than four decades of serving as the nation’s economic majority, the U.S. middle class is now matched in size by those in the economic tiers above and below it.
The median wealth of white households was 13 times the wealth of black households and 10 times that of Hispanic households in 2013, compared with eight and nine times, respectively, in 2010.
While the stock market has been surging, there is a big gap who who benefits that has implications for the strength of the economic recovery.
Until the housing market and home equity levels fully recover, the typical American household still has a ways to go.
During the first two years of the nation’s economic recovery, the mean net worth of households in the upper 7% of the wealth distribution rose by an estimated 28%, while the mean net worth of households in the lower 93% dropped by 4%, according to a Pew Research Center analysis of newly released Census Bureau […]
After running up record debt-to-income ratios during the bubble economy of the 2000s, young adults shed substantially more debt than older adults did during the Great Recession and its immediate aftermath—mainly by virtue of owning fewer houses and cars, according to a new Pew Research Center analysis of Federal Reserve Board and other government data. […]
1615 L St. NW, Suite 800
Washington, DC 20036
USA
(+1) 202-419-4300 | Main
(+1) 202-857-8562 | Fax
(+1) 202-419-4372 | Media Inquiries
ABOUT PEW RESEARCH CENTER Pew Research Center is a nonpartisan fact tank that informs the public about the issues, attitudes and trends shaping the world. It conducts public opinion polling, demographic research, media content analysis and other empirical social science research. Pew Research Center does not take policy positions. It is a subsidiary of The Pew Charitable Trusts.
© 2024 Pew Research Center