Posts in Tag

income gap

The income gap between Black and white young adults has narrowed for millennials compared to Generation X, according to a recent study by Harvard University and the U.S. Census Bureau.  The study reveals that by age 27, Black Americans born in 1978 to poor parents earned nearly $13,000 less annually than their white counterparts.  For those born in 1992, this gap reduced to about $9,500, marking a notable decrease in racial income disparity.  Improved Economic Mobility for Black Millennials The reduction in the income gap is attributed to increased economic