The chart illustrates the percentage of families with family-owned business equity across different demographic groups in the U.S., based on data from the Federal Reserve's Survey of Consumer Finances. White households have the highest percentage of family-owned business equity at 15%, significantly higher than other groups. Black and Hispanic households show notably lower percentages, at 7% and 6% respectively, indicating a substantial gap in business ownership. The 'Other' category, which includes Asian, American Indian, Alaska Native, Native Hawaiian, Pacific Islander, and multiracial respondents, shows a percentage of 13%, closer to White households. This data highlights disparities in business ownership, which may reflect broader economic inequalities. The differences in business equity ownership could be influenced by various factors, including access to capital, historical and systemic barriers, and differing levels of entrepreneurship support. The chart underscores the need for targeted policies to address these disparities and promote equitable economic opportunities across all demographic groups.
