My wife and I are not as well off as some of our friends because I am 2nd generation American. As such we did not get as much money to put down on a house, etc. She comes from a poor family, her dad died when she was 2. Unfortunately the racism that DID exist for African Americans resulted in parents not being able to help kids as much with a down payment on a house or a car, etc. That is TRUE.
I will conceded that point. 3rd or 4th generation Americans have some built up wealth and equity that can help the 5th generation and so on. Many African American families do not have that advantage. Now many white families do not either.