White families had a net worth in 2013 that was 10 times more than that of Latino families and 13 times higher than that of Black families, according to a new report by the Pew Charitable Trusts, which revealed the following:

• White households’ median debt is more than twice as big and differs from that of families of color—for example, including more mortgage debt—which often helps white households build even greater net worth.
• The typical White household has nearly seven times more assets than Black households and over three times more than Hispanic households.
• The racial wealth gap is about a lack of assets in Black and Latino households, rather than an abundance of debt.
• Fifty-three percent of White Gen X and millennial households reported housing debt, compared with just 24 percent of Black and 35 percent of Hispanic households. 
• Among those with mortgages, White households typically had $15,000 more than Blacks and $2,000 more than Hispanics in home equity.