But income is only part of the wealth story, says Kevin Cokely, director of the Institute for Urban Policy Research & Analysis, at the University of Texas at Austin.
When income is controlled for, there is still a large racial wealth gap, he said.
"Compared to White households, Black households typically do not have large wealth reserves or liquid assets, and thus have to rely on income and housing equity to a much greater degree than White households. The income gap between a young two-earner Black couple and a young two-earner White couple may be small, as documented in the book “The New Black Middle Class,” but there still remain a large gap in terms of net worth," said Cokely in the study.
From student loans to homeownership to investments and income, the legacy of racial inequality can continue to impact the wealth of blacks and whites in different ways, even when it appears progress is being made.
For more details from the survey and to see how states currently rank on integration , visit www.wallethub.com