evidence: Biden got a Half True rating for saying, "The racial wealth gap is the smallest it’s been in 20 years." Economists use two measures to assess the racial wealth gap, and Biden’s statement covered only one of them. [...] Black earnings have continued to trail white earnings by fairly consistent margins. [...] Another metric, the Federal Reserve’s Survey of Consumer Finances, conducted every three years, tracks with what the Census Bureau found. The 2022 Fed survey, the first conducted since 2019, found that 11% of Black households held equity in a business, far higher than the previous record of 6.6% in 2016 and the 4.8% recorded in 2019.