re: Racial wealth gap widened between 2016-2022, federal reserve study finds

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When the study had an agenda (reparations/set-asides/etc.) on the front end, this conclusion is not mind-boggling.

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The entire premise is mathematically flawed.

First off... there is a problem with zero.
People with zero assets will get further and further from any mean and any median statistic.

Babies are born naked without anything. All assets are their parents. "Inheritance" would hit when the average life span of their parent is 78 years old.

Teenagers leave the home. Everything they have is what they could save under the age of 18. Over the next 4 years (college or not), they are more likely to have 0 wealth or negative wealth.

And then there is bankruptcy, divorce, and people who make poor choices.
There will always be people with no wealth.
The gap from the median or mean is always going to widen.
The statistic itself is flawed because it compares 60 year olds who have saved for 40 years versus an 18 year old who starts with the clothes on his back.

The next problem with the statistic is math.

If I (an 18 year old) have $1 and you (a 60 year old) have $100, we both can grow that wealth at the same rate.
Let's presume a 7.2% annual return.
We both double our money in 10 years using the same rate of growth.

I now have $2 and you have $200.
And these studies are going to bitch about widening the wealth gap when we experienced the exact same return over 10 years.

The only way to avoid widening the wealth gap is to shite on the 60 year old with negative to virtually zero returns. Any return or the 60 year old over 0.9% is going to widen the wealth gap.

The entire notion of this as to having any meaning whatsoever is bullshite.