As a result, the striking difference in the level of wealth between minority and other families widened further: In 2001, the median net worth was $ for minority families versus $ for non-Hispanic white families.
I note, for this audience, that the story for African Americans alone is somewhat more positive: Median wealth did increase about 13 percent between 1998 and 2001, but the median level of net worth in 2001 was still only $ A substantial part of the wealth gap is associated simply with differences in family ownership of assets.