Financial Projections For The World Post-Pandemic
- By
Julia Austin
Source: MoMo Productions / Getty
A look at savings by demographics
Whether or not we’re moving forward socially is certainly up for debate today, but we are moving backward financially in many ways. The median household savings for a white family is $51,400, while the average savings for a Black family is $8,600, and that figure for a Hispanic family is $16,700. Average savings grow substantially based on one’s educational level, but of course, we see a major racial gap in college admissions, too, intensifying that financial discrepancy.
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