February 21, 2018

The Racial Wealth Gap and Today’s American Dream

Data suggest dramatic differences in financial well-being by race

By Erin Currier and Sheida Elmi

There is a growing recognition among Americans that moving up the income ladder in the United States can be challenging: As recently as 2014, only 23 percent of Americans believed that it’s common for someone to start poor, work hard, and become rich, which was down 16 percentage points from just five years earlier.

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