Home equity drives black net worth far more than white net worth

Evidence

The net worth of black homeowners is significantly greater than that of renters, specifically because of the equity found in their homes. While home equity makes up only 38 percent of net worth for white Americans, for black Americans, it’s 66 percent. — Dorothy A. Brown, Getting to Reparations, 1284

Categorization

• XREF: Provides an empirical wedge: black homeowners are more equity-dependent (66%) than whites (38%), so anti-homeownership advice would hit blacks hardest — key data point for defending the reparations brief.