The income gap between white and Black young adults was narrower for millenials than for Generation X, according to a new study that also found the chasm
FILE - Activists appeal for a $15 minimum wage near the Capitol in Washington, Thursday, Feb. 25, 2021. between white people born to wealthy and poor parents widened between the generations.
“Outcomes improve … for children who grow up in communities with increasing parental employment rates, with larger effects for children who move to such communities at younger ages,” said researchers, who used census figures and data from income tax returns to track the changes. There was little change in the class gap between Black Americans born into both low-income and high-income households since they experienced similar improvements in earnings.
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