Black households give 25% more of their income than whites, and almost two-thirds of Black people give to organizations and causes, amounting to $11 billion/year, per a report by the W.K. Kellogg Foundation,
This data is very interesting since the racial wealth gap has left many Black American lagging behind other racial groups. The Urban Institute stated that the average white man earns $2.7 million through his life while a Black man can earns up to $1.8 million. For full-time employed Black women, CNBC reported that their average earnings amount to about $964,400 over their lifetime.
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