Most low-income families are Latino or Black, while most high-income families are white or Asian

SOURCES: Authors’ analysis of IPUMS ACS data (2023). NOTES: Chart shows income before taxes and transfers, which includes income from earnings, business, investments, retirement, social security, and other sources. Families are categorized based on the race/ethnicity of the head of household, with “other” including multiracial and those not included in any of the other categories.