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Title: Examining U.S. Economic Racial Inequality by State

Citation Type: Miscellaneous

Publication Year: 2020

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Abstract: Recent events have brought racial inequities to the forefront of many conversations. At the Center for Household Financial Stability, we have documented underlying racial economic disparities that may be contributing to heightened tensions. As the dialogue continues, you may be wondering about the magnitude of economic racial gaps in your state. In comparing state-level racial socioeconomic well-being trends—focusing on median household income, poverty status and health insurance—to national benchmarks, three key findings emerged: Median Black/white income gaps vary considerably, but in all states white median household income is greater than Black median household income. Racial poverty gaps and poverty rates fluctuated widely (e.g., Puerto Rico had a Black-white gap of 6 percentage points but high poverty, while Maryland had a gap of 7 percentage points but fairly low poverty). Across states, racial health insurance gaps were comparatively smaller; yet, Black people had lower health insurance rates than whites in all states.

Url: https://www.stlouisfed.org/publications/bridges/volume-3-2020/examining-us-economic-racial-inequality-by-state?utm_source=Federal+Reserve+Bank+of+St.+Louis+Publications&utm_campaign=6fcff23ddf-HFSAlert_08-25-2020&utm_medium=email&utm_term=0_c572dedae2-6fc

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Authors: Kent, Ana Hernandez

Publisher: Federal Reserve Bank of St. Louis

Data Collections: IPUMS USA

Topics: Race and Ethnicity

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