Black family wealth fell annually while white family wealth rose by $1,000

Evidence

Between 1983 and 2016, median white family wealth increased by 1,000 annually compared with only a 66 increase for median Latinx wealth. Sadly, black families saw their wealth decrease by $83 annually. Even college-educated black households saw their wealth decrease during a similar time period, from 1989 to 2013, as their white peers’ wealth rose. — Dorothy A. Brown, The Whiteness of Wealth, 59

Categorization

• SEED: The 1,000 vs -83 annual delta is the quantitative hook for any article arguing the gap widens independent of effort — ‘doing everything right and falling behind.’
• SHARE: The striking detail that even college-educated black households lost wealth lands specifically for economists or anyone in higher-ed policy.
• XREF: Contradicts the conservatism invoked in paragraph 60 that the gap is about effort — evidence here is pure accumulation mechanics, not behavior.