To find out how much more White households would earn than Black households over a working life span of 54 years, we can use the median household incomes provided in the chart:
- Median Household Income for White households: $72,204
- Median Household Income for Black households: $45,438
First, we need to calculate the annual income difference:
Next, we multiply the annual income difference by the number of working years (54 years):
Therefore, White households would earn approximately $1.4 million more than Black households over that time period.
The correct response is:
White households would earn $1.4 million more than Black households.