Disparities in conventional wealth such as financial assets, home equity and business holdings are very large among white households. Among white households in the preretirement years of 51 to 61, the top 5 percent have a wealth of $300,000, while the typical family has $17,300 and the bottom fifth has $800 or less. The situation for minorities is far worse. The typical black and Hispanic household has less than $500 in assets, and four out of 10 have nothing.
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