The income gap between white and Black young adults was narrower for millennials than it was for Generation X. That’s according to a new study examining income mobility during the two generations that was released last week by researchers at Harvard University and the U.S. Census Bureau.
FILE - Activists appeal for a $15 minimum wage near the Capitol in Washington, Thursday, Feb. 25, 2021. 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 between white people born to wealthy and poor parents widened between the generations.
A key factor was the employment rates of the communities that people lived in as children. Mobility improved for Black individuals where employment rates for Black parents increased. In communities where parental employment rates declined, mobility dropped for white individuals, the study said. White Americans born to poor parents in 1978 earned about $10,300 less than 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.
This shrinking gap between the races, and growing class gap among white people, also was documented in educational attainment, standardized test scores, marriage rates and mortality, the researchers said.Black people from low-income families saw the greatest economic mobility in the southeast and industrial Midwest. Economic mobility declined the most for white people from low-income families in the Great Plains and parts of the coasts.
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