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Black households never recovered from the Great Recession, a UW-Madison report on racial wealth gaps suggests

A new report is highlighting how much the Great Recession widened racial wealth gaps, particularly on the basis of income and homeownership.

“Racial Disparities in Household Wealth Following the Great Recession,” authored by University of North Carolina at Chapel Hill professor Fenaba R. Addo and Duke University Professor William A. Darity Jr., found that Black and Latino households continue to lag behind white households in wealth and income statistics.

The report was published this month through the University of Wisconsin-Madison’s Institute for Research on Poverty and used Survey on Consumer Finances data to come to its conclusions.