Use the chart to answer the question.

Question

2019 U.S. household incomes by race and ethnicity
Race & Ethnicity Asian Black Hispanic White
2019 Median Household Income $98,174 $45,438 $56,113 $72,204
Compare wealth inequality in the U.S. using the chart of median household income. Considering the average working life spans 54 years, from age 16 to 70, approximately how much more would White households earn than Black households over that time period?

(1 point)
Responses

Black households wouldn’t earn any less income than White households.
Black households wouldn’t earn any less income than White households.

Black households would earn about $234,000 more income than White households.
Black households would earn about $234,000 more income than White households.

White households would earn $1.4 million more than Black households.
White households would earn $1.4 million more than Black households.

White households would earn $26,000 more than Black households.

Answer 1

To determine how much more White households would earn than Black households over a working lifespan 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, let's calculate the total earnings over 54 years for both races.

1. White households total income over 54 years: \[ 72,204 \times 54 = 3,897,036 \]

2. Black households total income over 54 years: \[ 45,438 \times 54 = 2,453,652 \]

Now, subtract the total income of Black households from that of White households: \[ 3,897,036 - 2,453,652 = 1,443,384 \]

Thus, White households would earn approximately $1,443,384 more than Black households over a 54-year working life.

Given the options you provided, the closest answer is:

• White households would earn $1.4 million more than Black households.

Therefore, the correct response is: White households would earn $1.4 million more than Black households.