Racial wealth gap widens as many workers of color lack retirement savings

By: Kevin Hardy

Outlets: Stateline

Published: June 1, 2026

Words: 672

Last Updated: 1 month, 3 weeks ago

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The racial wealth gap is widening as many workers of color go without retirement savings.

The median wealth gap between Black and Hispanic families and white families expanded by about $50,000 between 2019 and 2022, according to research from The Pew Charitable Trusts. The typical white family had $240,000 more wealth in 2022 than the typical Black family and $223,000 more than the typical Hispanic family.

Much of that disparity is caused by white …

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