CHARLOTTE, N.C. — WalletHub ranked each state in the U.S. by who has the biggest gaps in wealth by race. Researchers framed the article by explaining what these disparities mean.
WalletHub measured inequality by looking at the median household incomes of different ethnic groups. That data shows non-Hispanic white Americans have a median household wealth of $187,300.
Hispanic households are bringing a median of $31,700, and Black households are bringing in only $14,100.
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When taking that information and organizing it into a ranked list, the closer a state is to the top means they have the biggest wealth gaps. This means the states with the smallest rates of inequality are going to be closer to 50.
As far as the Carolinas go, North Carolina is ranked number 18 and South Carolina came in at number 35.
As for how these disparities happen, researchers cited several causes, including unequal access to education, unemployment rates among people of color, and residential segregation -- like redlining-- that still has an impact on all of us today.
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