Wealthy African Americans differ from wealthy whites in a number of ways. Which of the following four statements is True?

Question

Quizplus · Accepted Answer

According to a 2019 study by UBS, affluent African Americans are more likely than wealthy whites to earn their money from multiple sources of income, such as a spouse or partner's income, rental property, or investments. This is likely due to the historical and systemic barriers African Americans have faced in accumulating wealth through traditional sources like inheritance and corporate employment. The study also found that affluent African American women are more likely than white women to have an income of $100,000 or more, but this is not true for all wealthy African Americans. The study did not provide information on whether affluent African Americans are even richer than their white counterparts or receive most of their money from investments.

Wealthy African Americans Differ from Wealthy Whites in a Number