Wolff, Edward N. - National Bureau of Economic Research - 2023
but narrowed between Hispanics and (non-Hispanic) whites. When the definition of wealth is expanded to incorporate Social … Blacks, and 13.1 percent among Hispanics. As a result, while mean augmented wealth dipped only 1.2 percent among whites, it … Security and defined benefit pension wealth (both the discounted sum of future benefits), the wealth gap is sharply reduced …