For every dollar in wealth owned by a white household,the average African American household owns 15 cents and the average Hispanic household owns 11 cents.

Question

Quizplus · Accepted Answer

This statement is true and reflects the significant racial wealth gap that exists in the United States. According to a 2019 report by the Institute for Policy Studies, the average wealth of white households is ten times greater than that of African American households and eight times greater than that of Hispanic households.

For Every Dollar in Wealth Owned by a White Household,the