evidence: Is racial wealth gap 'smallest it's been in 20 years,' as President Joe Biden said? [...] "We’re growing back Black wealth, but we have a lot more to do," he said Jan. 8 in Charleston at Mother Emanuel African Methodist Episcopal Church, the South’s oldest Black church. "The racial wealth gap is the smallest it’s been in 20 years, under my watch. More Black small businesses are starting up than in decades. Opening a new business (is) the ultimate act of hope." [...] By one measure, the white-Black wealth ratio, that’s true. In 2022, that ratio modestly reduced to the smallest it’s been in 20 years.