Net Worth Poverty in Child Households by Race and Ethnicity, 1989-2019.

ABSTRACT:

Objective

This study is the first to examine net worth poverty, and its intersection with income poverty, by race and ethnicity among child households in the United States.

Background

Scholarship on economic scarcity for children has largely concentrated on income deficits and thus leaves open important questions about wealth deficits.

Method

Data come from the 1989-2019 waves of the Survey of Consumer Finances, on households with at least one resident child under the age of 18. Net worth poverty is measured as household net worth, defined as total assets minus total debts, that is less than one-fourth of the federal poverty line.

Results

In 2019, 57% of Black and 50% of Latino child households were net worth poor. The majority of these households were not inco

SUBMITTER: Gibson-Davis C 

PROVIDER: S-EPMC8653971 | biostudies-literature | 2021 Jun

REPOSITORIES: biostudies-literature