Racial wealth disparities in US ‘have accelerated post-Covid’
Research attributes gap to kinds of assets typically held by white, Black and Hispanic investors
Disparities in wealth between different racial groups in the US have increased since the pandemic, according to a paper from the Federal Reserve Bank of New York.
New York Fed researchers Rajashri Chakrabarti, Natalia Emanuel and Ben Lahey examined the period from 2019 to 2023. They found that the increasing wealth gap between different racial groups during this period was likely to be the result of “rapid growth in the [value of] financial assets more often held by white individuals”. Meanwhile
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