State Economies with the Most Racial Equality in 2024 – WalletHub Study

With black households only holding $15 in wealth for every $100 that white households have, WalletHub today released its report on the State Economies with the Most Racial Equality, as well as expert commentary, to celebrate the places that have closed racial financial gaps the most.

WalletHub compared the 50 states and the District of Columbia across eight key metrics. Our data compares the difference between white and black Americans in areas such as annual income, unemployment rate and homeownership rate. Below, you can see highlights from the report.

Racial Equality in Texas’ Economy (1=Most Equality; 25=Avg.):

  • Overall Rank: 13th
  • 18th – Median Annual Household Income
  • 8th – Labor-Force Participation Rate
  • 22nd – Unemployment Rate
  • 10th – Homeownership Rate
  • 7th – Poverty Rate
  • 1st – Homeless Rate
  • 1st – Share of Unsheltered Homeless
  • 46th – Share of Executives

READ FULL ARTICLE HERE