More White Families Are Becoming Millionaires, Leaving African-Americans Way Behind

Published: 4/10/2017
More White Families Are Becoming Millionaires, Leaving African-Americans Way Behind
Source: ATLANTABLACKSTAR.COM

About 1 in 7 white families are now millionaires, that is nearly double the percentage of white families who are worth over $1 million compared to 1992, according to recent Federal Reserve data. Rising from 7 percent to 15 percent in a quarter of a century, the rapid growth among white millionaires reflects the widening […]

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