Persistent lending disparities perpetuate nation’s racial wealth gap

The Federal Reserve's recently updated Survey of Consumer Finance 2019-2022 analyzes post-pandemic trends— particularly as they affect racial wealth gaps. In 2022, Asian-Americans had a typical family wealth of $536,000, the highest of any race or ethnicity, and nearly twice the typical white family's wealth of $285,000. "Taking a slightly longer-run view,…