Imagine Being Dead Last In Household Income For 350+ Years!
Disclaimer: Good Day, Readers. WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations.
Click below to listen to the audio version: The Black Wealth Gap: 350 Years And Counting!
African Americans Remain Dead Last in Household Income!
For nearly 350 years, the racial and economic gaps have essentially been constant for African Americans, always trailing behind other ethnic groups. Yes, slavery, Jim Crow, Redlining, and racism contributed to our problems.
In 2025, years after electing the first Black President, let’s drop the reasons and excuses!
This inequity doesn’t just reflect the financial state of my communities; it also impacts our education, the ability to buy a home, access to good health care, and a list of other positives.
So, Who Has The Highest Median Wealth In America In 2025?
White Americans historically dominated household incomes; however, today, Whites are in third place, behind Chinese and East Indian Americans.
Asian Americans are thriving! They provide a two-parent household more often, and they stress their kids mastering STEM {Science, Technology, Engineering, and Mathematics} education and careers.
Note that Hispanics have a relatively high marriage rate but rank fourth out of five in net income. This may be due to weaknesses in STEM fields.
| Race | Marriage rate -Percent | Household Median Income |
| Chinese | 70% | $110,000.00 |
| East Indians | 94% | $104,000.00 |
| Whites | 50% | $88,000.00 |
| Hispanics | 70% | $61,000.00 |
| Black | 34% | $55,000.00 |
These statistics highlight a financial gap and cultural differences that may influence economic behavior and overall prosperity.
Can It Get Worse? It Can and Will!
In the 1960s, Black Americans maintained two parents in more than 70 percent of homes. If Black Americans continue the current trajectory, our marriage rate will be in the low teens in the next 20 years. Such a trend would exacerbate financial instability and lead to a cycle of poverty and disempowerment we may never escape.
The Consequences of Inaction
Ignoring the financial realities facing African American households means perpetuating a cycle of economic disenfranchisement. As household incomes stagnate, the dream of upward mobility and financial security becomes seemingly IMPOSSIBLE. Rising prices for necessities, homes, cars, and education disproportionately affect those already struggling, making it vital to address these issues head-on. To achieve change, you must give people a compelling reason to change.
The voices of influential figures like Oprah Winfrey, Beyoncé, Barrack Obama, and LeBron James etc. remain silent about this problem. Name one well-known individual you heard; utter a single word about this issue! If you refuse to recognize your problems, you are as doomed as the Titanic!
However, recognizing the problem is only the first step; it is crucial to engage in dialogue that can lead to actionable solutions. We must rebuild two-parent homes as the norm or continue dropping household income, and the majority will never achieve the American dream.
We Best Handle The Truth
Thirteen years is too damn young to have a child. As are ALL teenage years. Keep your pants, dresses, and undergarments on, and stop acting like pimps and whores. Our situation is too dire for politically correct niceties.
The Path to Financial Success Is Simple
- Graduate High School
- Gain more education, including trades craftsmanship, and build your financial literacy/competencies.
- Wait until marriage to have kids. Men listen up. If you create that life, you own the responsibilities for that child! Pull your big boy pants on, and stop acting like a damn fool!
- Earn More Than You Spend
- Save the Rest
- Invest Your Savings in a good, reliable Equity that pays better than a bank account’s measly less than one percent interest. There are options, like the S&P 500 ETFs.
Financial Literacy: Addressing the Income Gap in African American Households
The one subject I wish I had learned earlier is French. Yes, I am kidding! It’s financial literacy, people! Like most people who build their competency in finance and economics, I did it on my own, including trial and costly errors! Financial literacy is a journey toward economic empowerment and equity that can alter the course for our future generations. By working together, we can ensure that the American dream is within reach for more families, regardless of race or sex.
The paths to financial freedom are UNLIMITED. CHOOSE YOUR OWN!
LET’S MAKE SOME MONEY – CRYPTOCURRENCY IS ACCEPTED!
WHAT SUBJECTS DO YOU WANT TO READ NEXT? WHAT QUESTIONS CAN I ANSWER? UNTIL NEXT TIME!
YOUR GREATNESS IS NOT WHAT YOU HAVE; IT’S WHAT YOU GIVE! – SOME CHARITIES I SUPPORT
St Jude Hospital: https://www.stjude.org/
Wounded Warrior Project: https://www.woundedwarriorproject.org
Folds of Honor: https://foldsofhonor.org
Wilson’s No-Kill Animal Shelter: https://wcnkas.org
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ABOUT ME
I am a proud nerd (as my beautiful wife and daughter have told me) investment and finance blogger with an NC. State, Chemical Engineering, University Rutgers, MBA and Harvard University, Advanced Management education.
I left a corporate career because I desired to make a difference as a speaker and writer. I was blessed to be coached and mentored by strong women and men in my family and professional life. It is my time to serve and give back.
DISCLAIMER
I started my first business at ~13 years of age (a small but brilliantly created plant nursery). I am a successful investor in stocks, options, and real estate and am happy to share my finance and investment lessons. I am NOT a licensed financial advisor. Please do not construe my suggestions on this blog as recommendations for your situation. As an investor, you must establish your risk/loss tolerance. Investment in any asset involves risk, including complete loss.
Please seek your licensed CPA or fiduciary financial advisors for individual financial advice.
I write this weekly blog to make an impact by reaching an audience and demonstrating the need for financial literacy. I will help you get there.
