Utah sees wide homeownership gap between white and Black households

Why it matters: Homeownership remains the biggest driver of the wealth gap, per the U.S. Department of Housing and Urban Development, Axios' Brianna Crane reports.

The big picture: Historically, racist housing practices, redlining and predatory lending have prevented many Black Americans from obtaining homeownership, per the Urban Institute.

By the numbers: In Utah, about 20% of Black, Pacific Islander and Latino renters spend between 30% to 49% of their income on rent, making them severely cost burdened.

• It's generally advised one set aside a third of their income for rent.