According to a study published in September 2020 by the economists Moritz Kuhn, Moritz Schularick, and Ulrike Steins in the Journal of Political Economy, Black median household income in 1950 was about half that of white Americans, and today it remains so. More critical, the racial wealth gap is in relative terms about the same as it was in the 1950s as well. The typical Black household today is poorer than 80 percent of white households. “No progress has been made over the past 70 years in reducing income and wealth inequalities between Black and white households,” according to the study.
