NOTE: an earlier version of this article incorrectly listed this data as Household income. Corrections have been made to relabel as median individual income. (10/17/2022) An indicator of Black upward mobility is not only to measure income but to look at whether or not the income gap (the difference betweenContinue Reading
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Black family median net worth increased from 2013 to 2019 from $14,364 to $24,100 according to the 2019 Survey of Consumer Finances conducted by The Federal Reserve. This is extremely lower that the $189,100 family median net worth of White families.Continue Reading
As the chart below shows when considering Black families with and without children who live below the national poverty line, the vast majority (74% or 1.4 million) are headed by single women and just 16% are headed by a married-couple family. Only 10% are headed by a single father. When consideringContinue Reading
The U.S. Census Bureau records historical poverty data among American families using its Current Population Survey and Annual Social and Economic Supplements (chart below). In 1967 about one third (33.9%) of all Black families lived below the poverty level compared to only 11% of all families in America . ByContinue Reading
