For the median family of color, that wage and wealth stagnation can be pretty dire. In a study published in 2017 by the organizations the Institute for Policy Studies and Prosperity Now (full disclosure; IPS is the fiscal sponsor of my organization, the Economic Hardship Reporting Project), the median wealth—assets minus debt—of white households is now over sixty-eight times higher than that of black households. For black families, the median was just $1,700.
