For the last ten years, home ownership in America has had great racial inequality. An analysis of home ownership percentage for instance, shows that White Americans are significantly more likely to own their home than Hispanic Americans and Black Americans.
Home ownership plays a significant role in net worth of families. Since 1963, the amount of net worth held by the average white family has continued to increase from around $200,000 to about $1,000,000. The only real drops are represented by broader market trends, demonstrating the greater amount of stocks, bonds, etc.
When are data begins in 1983, net income of Black and Hispanic has largely stayed flat. By 2016, Black Americans had a net worth that was almost $60,000 less than Hispanic Americans and about $850,000 less than White Americans.
Income inequality in America has only grown since 1968. During that time, the highest income Americans had roughly 42% of the wealth in the country. By 2019, that number had grown to about 51%. At the same time, the lowest income Americans had their wealth decline from 4% of the total to 3%. Similar drops also occurred in the second, third, and fourth quartile.
Below is a figure that represents these changes over time. Hit the play button to see how this transformation has occurred.