Key statistics and data about the demographic, geographic and economic characteristics of the U.S. Black population. For more information about Blacks or African Americans, please see the following resources: This report is part of a … 10 Sep 2019 1,911. Our analysis explores the demographic characteristics of this population in 2019. The African American poverty rate is 5.7 percentage points lower than in 2007 and is now 3.8 percentage points lower than it was in 2000. African-American buying power has seen impressive gains since the end of the last economic downturn, jumping from $961 billion in 2010 to an … In 2019, most non-Hispanic blacks lived in the South (58.7 percent of the black U.S. population), while 35.8 percent of … Asian median household income leads the way at roughly $98,000, or roughly 30% higher than White median household income of $76,000. Systematic Inequality and Economic Opportunity. The Hispanic poverty rate fell 1.9 percentage points, to 15.7%, in 2019. Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over: Black or African American. The average income for Hispanics is at roughly $56,000 which correlates with the retirement savings by race chart and wealth charts above. 5:31. Census data shows that the homeownership rate from 2016 to early 2020 ranged from 41% to 44% for black Americans, compared to a range of 71% to 74% for non-Hispanic white Americans. June 19, 2019 at 10:00 a.m. UTC. The data in slides 13 and 16 are from the National Longitudinal Surveys. Blacks/African Americans are the second largest minority population in the United States, following the Hispanic/Latino population. The average income for African Americans is about $45,000. As National Women’s Law Center research shows, while in 2019 the U.S. poverty rate for White men is 6.0 percent, it is 18 percent for Black women, 15 percent for the Latinx community, and 18 percent for Native American women. President Donald Trump can claim credit for pushing poverty among black American adults to record lows, according to data in the U.S. Census Bureau’s 2018 economic report. A job seeker fills out an application during a career fair in San Francisco, May 2014. The African American poverty rate fell 2.0 percentage points, to 18.7%, in 2019. • Homeownership rates have for African Americans have leveled off, and sometimes even dropped, since the 1990s. The Economic State of the Black Community on MLK Day 2020 Page 2 In December 2019, the unemployment rate for Black Americans age 16 and older was 5.9 percent—slightly less than double the unemployment rate for White Americans (3.2%). Neil Munro. ... in reality, this was yet another example of the economic hurdles facing African Americans morphing and changing through policy actions. The data in slides 11 and 12 are from the American Time Use Survey. Racial inequality in terms of the official poverty rate is also particularly acute for women of color. Quarterly Q1 2000 to Q4 2020 (Apr 16) Annual 2000 to 2020 (Apr 16) Labor Force Participation Rate - 20 Yrs. African American population numbers throughout this report are reported as defined by the U.S. Census as “Black alone or in combination with other races.” This decision is a nod to the greater diversity of the African American population in the U.S. Cheryl Grace SVP, U.S. Strategic Community Alliances and Consumer Engagement Mia Scott-Aime 1982-84 CPI Adjusted Dollars, Not Seasonally Adjusted. Nearly all Black Americans believe in God or a higher power. More information about alternative measures of labor underutilization (U-1 through U-6) shown in slide 15. The sharp drop in the Black unemployment rate that began under Obama has continued. The Black population in the U.S. is diverse and growing. 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