New Wealth Report: Black Californians Behind in Retirement Savings, Homeownership Rates

A new report reveals that Black Californians are falling behind in key measures of wealth, including retirement savings and homeownership, raising concerns about long-term economic security and opportunity.

The report, based on U.S. Census data, shows that the typical California household has a net worth of $288,000, which is significantly higher than the national median of $180,000. However, wealth in the state is unequally distributed across racial and ethnic lines. Wealth includes everything a household owns, like a home or retirement account, minus debts such as credit cards or student loans.

“Latino and Black/Other households disproportionately have low wealth, as do those with lower levels of e

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