Levels of employment and income have long had racial gaps, and despite the racial diversity of Millennials and Gen Z, these gaps persist. The Great Recession affected net wealth for young adults, but by the late 2010’s white young adults had begun to see a recovery of wealth that Black and Latinx young people did not. In 2019, white young adult families had a median net worth almost $46,000 higher than Black families in the same age cohort.