https://www.youtube.com/watch?v=FH-WWPSIJr8
essentially education has a higher roi for whites than any other race. it helps asians equivalently on average as well but has wider probabilities!
https://www.bloomberg.com/features/2016-millionaire-odds/
education generally benefits people across all racial and ethnic groups, according to the St. Louis Fed analysis. However, it helps whites and Asians far more than Hispanics and blacks.
According to the sample, a black person’s odds of being a millionaire increase from less than 1 percent if he or she doesn’t complete high school to 6.7 percent with a graduate degree. White Americans without a high school diploma start out with slightly better chances—1.7 percent—that rapidly improve with more school: A graduate-level education increases their probability of amassing a net worth greater than $1 million to 37 percent.
The divergences race creates are easily illustrated looking at 40- to 61-year-olds. At middle age, a black graduate-degree holder has just about the same odds of being a millionaire as a white person who only completed high school.
And even time favors Asians and whites far more than it does other racial and ethnic groups. An Asian person younger than 40 years old has a 2.4 percent chance of being a millionaire, odds that soar to 21 percent by the time he’s nearing or in retirement. For Hispanics, those chances barely budge: from less than 1 percent when they’re young to 2.3 percent when they’re 62 or older.
http://apps.urban.org/features/wealth-inequality-charts/
Why is the racial and ethnic wealth gap so big? People with lower earnings may have a harder time saving. The average white man earns $2.7 million over a lifetime, while the average black man earns $1.8 million and the average Hispanic man earns $2.0 million. The difference in lifetime earnings is lower for women: the average white woman earns $1.5 million, while the average black woman earns $1.3 million and the average Hispanic woman earns $1.1 million. These disparities partly reflect historical disadvantages that continue to affect later generations.