Hawaii Is the State with the 5th Lowest Financial Gap by Race

From WalletHub February 3, 2015

With February being Black History Month and the wealth gap between white and black Americans reaching its highest level since 1989, the leading personal finance social network WalletHub is raising awareness on the issue by releasing its report on 2015’s States with the Highest & Lowest Financial Gaps by Race/Ethnicity.

To measure the financial inequality among racial groups in the U.S., WalletHub analyzed the 50 states and the District of Columbia across 21 key metrics, ranging from the median household income gap to the unemployment rate gap.

The Financial Gap by Race/Ethnicity in Hawaii (1=Lowest, 25=Avg.):

• 2nd – Median Household Income Gap
• 1st – Poverty Rate Gap
• 2nd – Educational Attainment Gap Among People with at Least a High School Diploma
• 23rd – Educational Attainment Gap Among People with a Bachelor’s Degree or Higher
• 1st – Uninsured Rate Gap