“During his tenure there has been the "smallest racial wealth gap in 20 years.”
What PolitiFact found
Biden referred to 2022 data that showed a decrease in the wealth ratio between white and Black Americans to the smallest gap in 20 years. But a different measure showed it widened to its largest disparity since 1989.
Their words, from the summary they publish with the rating.
In short
Joe Biden (President of the United States) made this claim around 19 August 2024. PolitiFact (United States) looked into it and published its finding on 20 August 2024, 1 day later. Its rating was “Half True”.
Joe Biden has 509 checked claims in this archive. Fact-checking organisations rated 140 of them false or fake, 281 misleading or mixed and 34 true.
This check was done by PolitiFact, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.
Related checks
- PolitiFact: Half True“The racial wealth gap is the smallest it’s been in 20 years.”