The racial income gap between Gen X and millennials is starting to shrink

The income gap was revealed in a study by Harvard researchers and the U.S. Census Bureau.

The income gap between white and Black young adults was narrower for millenials than for Generation X, according to a new study that also found the chasm between white people born to wealthy and poor parents widened between the generations.

By age 27, Black Americans born in 1978 to poor parents ended up earning almost $13,000 a year less than white Americans born to poor parents. That gap...