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'Color of wealth' study examines race, immigration status as factors in Chicago's inequities

Posted on AllSides June 18th, 2024
From The Left

A new study released Monday finds deep-rooted wealth inequities based on race, ethnicity and immigration status in Chicago and 10 counties including DuPage, Kankakee and McHenry. The “Color of Wealth in Chicago” report gathered data during parts of 2022 and 2023. White families reported a median net worth of $210,000 compared to what U.S.- born Mexican families reported, which is $40,500. Black families reported no wealth at all. Puerto Ricans reported a median net worth of about 11% of the wealth of the typical white family. Immigrant families’ median net...

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