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How Black, Hispanic, Asian, White households compare in wealth | Pew Research Center

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Household wealth or net worth is the value of assets owned by every member of the household minus their debt. The terms are used interchangeably in this report. Assets include owned homes, vehicles, financial accounts, retirement accounts, stocks, bonds and mutual funds, and more. Debt refers to home mortgage loans, education loans, credit card balances, and any other loan or credit extended to the household. Net worth is negative when debt levels are greater than asset values. (Refer to the methodology for more details.) “Poorer,” “more solvent,” “wealthier” and “richer” refer to a household’s wealth status relative to other households of the same race and ethnicity. Poorer households rank in the bottom 25% when compared with other households of the same race and ethnicity; more solvent households place from the 25th up to and including the 50th percentile; wealthier households from the 50th up to and including the 75th percentile; and the richer are in the top 25%. The bottom 1% and

Report | December 4, 2023 Wealth Surged in the Pandemic, but Debt Endures for Poorer Black and Hispanic Families 2. Wealth gaps across racial and ethnic groups X Facebook Threads LinkedIn WhatsApp Mail Add Us On Google By Rakesh Kochhar and Mohamad Moslimani Table of Contents Wealth Surged in the Pandemic, but Debt Endures for Poorer Black and Hispanic Families 1. Wealth gaps within racial and ethnic groups 2. Wealth gaps across racial and ethnic groups 3. How wealth and wealth gaps vary by income 4. The assets households own and the debts they carry Acknowledgments Methodology Terminology Hou

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