How long will it take black families to catch up with white wealth?

A study from the Corporation for Enterprise Development, a nonprofit group focused on improving economic opportunity for low-income people, and the Institute for Policy Studies, a left-leaning think tank, examined the wealth divide between black and white families.

The report found it would take black families 228 years to accumulate the same amount of wealth that white families enjoy today.

The average white family in 2013 had household wealth of $656,000, compared with $85,000 for blacks and $98,000 for Hispanics. Thirty years earlier, whites had about $355,000 in wealth, compared with $67,000 for blacks and $58,000 for Hispanics.

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