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Wealth gap yawns wide between UK’s ethnic groups – think tank

Wealth gap yawns wide between UK’s ethnic groups – think tank

PEOPLE of Black African ethnicity in Britain typically have just one-eighth of the wealth of white British people, an economic think tank said, calling for reforms to narrow the wealth divide between ethnic groups. The Resolution Foundation said the differences impacted the ability of households to cope with the COVID-19 crisis. People of Black African ethnicity had on average 24,000 pounds ($32,000) of family wealth per adult, rising to 31,000 pounds for people of Bangladeshi ethnicity and nearly 42,000 pounds for those with mixed white and Black Caribbean ethnicity. People of white British ethnicity held 197,000 pounds of family wealth…
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