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PowerPoint Presentation F E D E R A L R E S E R V E B A N K o f N E W Y O R K | E C O N O M I C R E S E A R C H W E A L T H I N E Q U A L I T Y UPDATED THROUGH APRIL 2024 | NATIONAL Raji Chakrabarti, Natalia Emanuel, and Ben Lahey E Q U I T A B L E G R O W T H I N D I C A T O R S | W e a l t h I n e q u a l i t y Takeaways | Wealth Inequality Wealth is distributed disproportionately across demog. [...] o r g / e g i 4 F E D E R A L R E S E R V E B A N K o f N E W Y O R K | E C O N O M I C R E S E A R C H W E A L T H I N E Q U A L I T Y BY RACE & ETHNICITY E Q U I T A B L E G R O W T H I N D I C A T O R S | W e a l t h I n e q u a l i t y b y R a c e & E t h n i c i t y | N a t i o n a l Population and Ownership Shares by Race & Ethnicity Nominal, 2019:Q1 Nominal, 2023:Q4 100% 100% 80% 80% 60% 60. [...] o r g / e g i 9 E Q U I T A B L E G R O W T H I N D I C A T O R S | W e a l t h I n e q u a l i t y b y R a c e & E t h n i c i t y | N a t i o n a l Financial Assets per Household by Racial and Ethnic Group Nominal financial assets Real financial assets 35 35 30 30 25 25 20 20 15 15 10 10 5 5 0 0 -5 -5 Black Hispanic White Black Hispanic White Sources: Distributional Financial Accounts via Federa. [...] o r g / e g i 38 Percent change (%) 2019q1 2019q2 2019q3 2019q4 2020q1 2020q2 2020q3 2020q4 2021q1 2021q2 2021q3 2021q4 2022q1 2022q2 2022q3 2022q4 2023q1 2023q2 2023q3 2023q4 E Q U I T A B L E G R O W T H I N D I C A T O R S | W e a l t h I n e q u a l i t y b y I n c o m e | N a t i o n a l Total Liabilities per Household by Income Percentile Nominal total liabilities 30 25 20 15 10 5 0 -5 < 20%. [...] o r g / e g i 40 Percent change (%) 2019q1 2019q2 2019q3 2019q4 2020q1 2020q2 2020q3 2020q4 2021q1 2021q2 2021q3 2021q4 2022q1 2022q2 2022q3 2022q4 2023q1 2023q2 2023q3 2023q4 F E D E R A L R E S E R V E B A N K o f N E W Y O R K | E C O N O M I C R E S E A R C H W E A L T H I N E Q U A L I T Y BY WEALTH PERCENTILE E Q U I T A B L E G R O W T H I N D I C A T O R S | W e a l t h I n e q u a l i t y.