Racial wealth gap with young children widening, report finds

'Diverging Pathways: How Wealth Shapes Opportunity for Children,' written by University of Michigan researcher Trina Shanks and released today (Thursday) by the Insight Center for Economic Development, found that the percentage of black households with no net worth or living in debt is on the rise.

In 2007, about 70 percent of Latino and black households with young children were poor and 40 percent had no financial assets—more than twice the respective rates for white households.  Read more...

Related Stories

• Family wealth may explain differences in test scores in school-age children
• New study finds racial wealth gap quadrupled since mid-1980s
• 4 in 10 US families lack money for essential household expenses when unemployed
• Study finds that rich retirees are the main losers from inflation
• Children of immigrants more apt than natives to live with both parents