evidence: President Joe Biden referred to 2022 Federal Reserve data that showed a modest decrease in the wealth ratio between white and Black Americans. For every $100 the average white family had in wealth, the average Black family had $15.75, the smallest gap in 20 years. By a different measure — the dollar amount difference in wealth — the gap widened between white and Black Americans to its largest disparity since 1989. Economists use both measures to assess the racial wealth gap. Learn more about PolitiFact’s fact-checking process and rating system.