The St. Louis Federal Reserve Bank’s Center for Household Financial Stability studied the relationships between wealth and various demographics characteristics, including race and ethnicity, education level, and age.
Through their study, researchers determined that families who are thriving in America tend to be white, college-education, and advanced in age, while families that are young, Black or Hispanic, and living without a four-year college degree tend to struggle the most.
To read the full report,click here.