According to a Federal Reserve bank survey, the average level of wealth in Black households was a little over $200,000, while White households averaged over $1.3 million. A new book, "Fifteen Cents on the Dollar: How Americans Made the Black-White Wealth Gap," examines this wealth disparity and details the structural economic barriers that Black Americans face. The co-authors of the book, Louise Story and Ebony Reed, joined CBS News to discuss.

#news #wealth #inequality

CBS News 24/7 is the premier anchored streaming news service from CBS News and Stations that is available free to everyone with access to the internet and is the destination for breaking news, live events, original reporting and storytelling, and programs from CBS News and Stations' top anchors and correspondents working locally, nationally and around the globe. It is available on more than 30 platforms across mobile, desktop and connected TVs for free, as well as CBSNews.com and Paramount+ and live in 91 countries.

Subscribe to the CBS News YouTube channel:    / cbsnews  
Watch CBS News 24/7: https://cbsnews.com/live/
Download the CBS News app: https://cbsnews.com/mobile/
Follow CBS News on Instagram:   / cbsnews  
Like CBS News on Facebook:   / cbsnews  
Follow CBS News on X:   / cbsnews  
Subscribe to our newsletters: https://cbsnews.com/newsletters/
Try Paramount+ free: https://paramountplus.com/?ftag=PPM-0...

For video licensing inquiries, contact: [email protected]