The U.S. Census Bureau has released its annual report on income in the United States.
According to data in the report, the median income of Black households in the United States in 2023 was $56,490. The median income figure shows the point where half of all families earn below this level and half earn above this level.
For non-Hispanic White households in 2023, the median income figure was $89,050. In 2023, the median Black household income was 63.4 percent of the median income of non-Hispanic White families. In 2022, the income gap was 65.2 percent. With only minor fluctuations, the racial gap in median income has remained virtually unchanged for more than a half-century.
It is also important to look at the racial gap in income at the highest levels. These families are ones that can afford to send their children to the college of their choice without having to worry about financial aid or student loans. Some 16.3 percent of non-Hispanic White households in 2023 had incomes above $200,000. For Black households, 7.3 percent had incomes of more than $200,000. Thus, Whites are far more likely than Blacks to come from high-income households.
The median household income for people of color who are Asian was $112,800, double that of Black households. Why didn’t you mention that?