The Associated Press
The income gap between white and Black young adults was narrower for millennials than for Generation X, according to a new study that also found the chasm between white people born to wealthy and poor parents widened between the generations. By age 27, Black Americans born in 1978 to poor parents ended up earning almost $13,000 a year less than white Americans born to poor parents.
White Americans born to poor parents in 1978 earned about $10,300 less than white Americans born to wealthy parents. For those born in 1992, that class gap increased to about $13,200 because of declining mobility for people born into low-income households and increasing mobility for those born into high-income households, the study said.
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