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Minorities, Americans without college degrees showed greatest gains in wealth
Published in 10-10-2017
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WASHINGTON - Americans who were left behind as the country pulled out of the Great Recession - African-Americans, Hispanics and people without college degrees - saw large gains in net worth in the last three years, the Federal Reserve said Wednesday. But the improvements did not make up for deepening economic inequality: The share of America's income held by the top 1 percent of households reached 24 percent in 2016, a record high, and the median net worth of white households, at $171,000, was nearly 10 times larger than for black households.