The Hispanic population is less well-off, overall, than African Americans.

Question

Quizplus · Accepted Answer

This statement is false. According to data from the U.S. Census Bureau, the median household income for Hispanic households in 2019 was $56,113, while the median household income for African American households was $41,361. Additionally, Hispanic households have a higher rate of homeownership and lower poverty rates than African American households. It's important to note that both groups face systemic inequalities and barriers to wealth accumulation.

The Hispanic Population Is Less Well-Off, Overall, Than African Americans