Chart Detail

Median household wealth, and share of households with zero or negative wealth, by race and ethnicity, 1983–2010

Change
1983 1989 1998 2001 2007 2010 1983–2007 2007–2010
Median wealth* (thousands of 2010 dollars)
Black $6.4 $2.9 $13.4 $13.1 $9.7 $4.9 52.8% -49.7%
Hispanic 4.0 3.6 9.6 1.3 -86.3
White 95.7 113.6 109.3 131.0 151.1 97.0 57.8 -35.8
Median wealth ratios (expressed as percent)
Black 6.7% 2.6% 12.2% 10.0% 6.4% 5.0%
Hispanic 3.7 2.8 6.3 1.4
Share of households with zero or negative net wealth
Black 34.1% 40.7% 27.4% 30.9% 33.4% 33.9% -0.7 0.5
Hispanic 36.2 35.3 33.5 35.8 2.3
White 11.3 12.1 14.8 13.1 14.5 18.6 3.2 4.0

* Wealth defined as net worth (household assets minus debts)

Source: Wolff (2012)

Updated August 20, 2012

Documentation and methodology

See note to Table 6.1.

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