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There are ”staggering” disparities in wealth between white and black families in the U.S., according to a Brookings Institution report, even after factors such as age, education, and debt are accounted for.

The net worth of a typical white family, at $171,000 in 2016, was nearly 10 times that of the average black family, $17,000. Median net worth for white households has far exceeded that of black households through recessions and boom times over the last 30 years, and the ratio of white family wealth to black family wealth is higher today than at the start of the century, according to Brookings.

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Charles Toutant

Charles Toutant is a litigation writer for the New Jersey Law Journal.

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