Federal Reserve Board | St. Louis Public Radio

Federal Reserve Board

The report on the wealth gap relies on data from the Federal Reserve Board from 1983 through 2016.
Rici Hoffarth | St. Louis Public Radio

A new report focusing on the racial dimensions of inequality in America connects the richest 10 percent of households getting richer and the wealth of the median, or typical, American family declining.

TheĀ Institute for Policy Studies (IPS) report also cites low levels of black and Latino wealth, combined with their growing proportion of the population, as key factors in the overall decline in median household wealth from about $84,000 in 1983 to $82,000 in 2016. Together, blacks and Latinos make up about 30 percent of the U.S. population.