I know. I did read the article. It lists what are included in assets and liabilities. I am just doubtful of the way they obtained this data. It was obtained not objectively but subjectively by a survey. I just don’t know how accurate information can be when you just ask people about their finances. Maybe white are bigger liars?
The article, you are right, does explain that between dates, the housing bubble hurt blacks more than whites. So blacks took riskier terms on their mortgages.
What it doesn’t explain is the presumption that in 1982, whites started by having 12 times the net assets of blacks. I just find that absurdly hard to believe.
Did you read the full report, i.e., the PDF? The report describes the methodology and how the data were collected.