Treasury Secretary Janet Yellen marked Martin Luther King Day by declaring that the U.S. economy has “never worked fairly for Black Americans — or really for any American of color.”

A government report this month showed the unemployment rate for Black Americans rose to 7.1% in December, more than twice the jobless level of Whites, which decreased to 3.2% that month.

Wealth held by White households rose to $98.6 trillion in the third quarter of 2020, according to Federal Reserve data. That amounts to 84.6% of the total, while, the portion of overall wealth held by Black Americans fell to 3.8% and for Hispanic Americans it dropped to 2.1%.

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