Black and Hispanic families are making more money, but they still lag far behind whites

Despite gains in income and wealth, the economic chasm between black and Hispanic families and their white counterparts widened between 2013 and 2016 — even when it comes to Americans with comparable levels of education, according to data released Wednesday by the Federal Reserve.

The median net worth of whites remains nearly 10 times the size of blacks'. Nearly 1 in 5 black families have zero or negative net worth — twice the rate of white families. READ MORE AT THE WASHINGTON POST

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