Nationally, Black American families hold approximately 10% of the net worth of that of white families—$17,150 versus $171,000—based on 2016 economic studies. Furthermore, the median Black American household had just 9.4% of the wealth of the median white household in 1968, according to Fed data. Yet by 2016, that ratio had fallen to just 8.7%, indicating, a percentage decline in the Black American families and increase in the gap itself.
- By 2025 increase the Black American national net worth by 1% from 2016 percentages
- By 2030 increase the Black American national net worth by an additional 1.5% from 2016 percentages
- By 2025 decrease the Black American national wealth gap by .5% from 2016 percentages
- By 2030 decrease the Black American national wealth gap by an additional 1% from 2016 percentages