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 … fell 6.7 percent among Black households and 7.3 percent among Hispanics. The effect was even stronger on median values …
