Op-ed What the Numbers Say
Subtitle
The Stark Racial Divide in U.S. Inheritances
Mingli Zhong
Display Date
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Wealth inequality in the United States is not only among the highest in the developed world—it has been climbing for much of the past six decades. Now, as an unprecedented $84 trillion begins flowing from older generations to younger generations, based on projections from the Federal Reserve, new data offers a snapshot of who stands to benefit—and by how much. We reveal a consistent theme: the intention to leave something behind cuts across racial lines. But the capacity to do so does not.

Research and Evidence Tax and Income Supports Equity and Community Impact Family and Financial Well-Being
Expertise Aging and Retirement Wealth and Financial Well-Being
Tags Retirement Wealth gap Wealth inequality Racial wealth gap Asset and debts Economic well-being Older adults’ economic well-being Quantitative data analysis