Intergenerational Wealth in Black, Brown and Other Communities of Color
The most recent studies and national data on intergenerational wealth within the African American, Black, brown, and additional communities of color describe a dismal picture. The disparities within New Jersey are equally or more glaring. For example, the New Jersey Institute for Social Justice (NJISJ) reported that in New Jersey, the median net worth of Black, Latino, and other individuals is $179 versus $106,210 for White, Non-Hispanic individuals. The mean net worth for individuals of color is $8,080 versus $450,063 for White, Non-Hispanic individuals.
This virtual event will explore some of the fundamental issues and reasons for intergenerational wealth gaps. Panelists will offer guidance for individuals and families to consider.