Income gap between Black and white US residents shrank between Gen Xers and millennials, study says

The income gap between white and Black young adults was narrower for millennials than it was for Generation X. That’s according to a new study examining income mobility during the two generations that was released last week by researchers at Harvard University and the U.S. Census Bureau. It also found that the class chasm between white adults born to wealthy and poor parents widened between the generations. The study says that Black people born in 1978 to poor parents ended up earning almost $13,000 a year less than white people born to poor parents by age 27. That gap narrowed to more than $9,500 for those born in 1992.