According to a survey conducted in 2023, 78 percent of employed adults who were Black believed that focusing on increasing diversity, equity, and inclusion at work was a good thing in the United States while 47 percent of employed adults who were White shared this belief.
Bank of America's workforce has undergone a significant shift in racial diversity over the past six years. The share of white employees decreased from 53.2 percent in 2019 to 47.2 percent in 2024, marking a notable change in the company's demographic composition. Meanwhile, the representation of Hispanic, Asian, and Black racial groups grew steadily. The second-largest racial group in the observed period was Hispanic, whose share increased from 17.9 to 19.2 percent.
This graph shows the population of the U.S. by race and ethnic group from 2000 to 2023. In 2023, there were around 21.39 million people of Asian origin living in the United States. A ranking of the most spoken languages across the world can be accessed here. U.S. populationCurrently, the white population makes up the vast majority of the United States’ population, accounting for some 252.07 million people in 2023. This ethnicity group contributes to the highest share of the population in every region, but is especially noticeable in the Midwestern region. The Black or African American resident population totaled 45.76 million people in the same year. The overall population in the United States is expected to increase annually from 2022, with the 320.92 million people in 2015 expected to rise to 341.69 million people by 2027. Thus, population densities have also increased, totaling 36.3 inhabitants per square kilometer as of 2021. Despite being one of the most populous countries in the world, following China and India, the United States is not even among the top 150 most densely populated countries due to its large land mass. Monaco is the most densely populated country in the world and has a population density of 24,621.5 inhabitants per square kilometer as of 2021. As population numbers in the U.S. continues to grow, the Hispanic population has also seen a similar trend from 35.7 million inhabitants in the country in 2000 to some 62.65 million inhabitants in 2021. This growing population group is a significant source of population growth in the country due to both high immigration and birth rates. The United States is one of the most racially diverse countries in the world.
Bank of America's workforce diversity reveals a complex landscape, with white employees dominating executive and senior leadership roles at 71 percent in 2024. This stark contrast to other job categories highlights the ongoing challenges in achieving racial equity at the highest levels of the organization, despite progress in overall workforce diversity.
The statistic shows the share of U.S. population, by race and Hispanic origin, in 2016 and a projection for 2060. As of 2016, about 17.79 percent of the U.S. population was of Hispanic origin. Race and ethnicity in the U.S. For decades, America was a melting pot of the racial and ethnical diversity of its population. The number of people of different ethnic groups in the United States has been growing steadily over the last decade, as has the population in total. For example, 35.81 million Black or African Americans were counted in the U.S. in 2000, while 43.5 million Black or African Americans were counted in 2017.
The median annual family income in the United States in 2017 earned by Black families was about 50,870 U.S. dollars, while the average family income earned by the Asian population was about 92,784 U.S. dollars. This is more than 15,000 U.S. dollars higher than the U.S. average family income, which was 75,938 U.S. dollars.
The unemployment rate varies by ethnicity as well. In 2018, about 6.5 percent of the Black or African American population in the United States were unemployed. In contrast to that, only three percent of the population with Asian origin was unemployed.
Despite comprising of a smaller share of the U.S. population than African Americans or Hispanics, the most represented non-white U.S. CEOs were of an Asian background. They made up 55 percent of CEO positions at Fortune 500 and S&P 500 companies in 2024. By comparison, 11 percent of CEOs at the time were African American. The rise of environmental, social, and corporate governance (ESG) Investments in ESG have risen dramatically over last few years. In November 2023 there were approximately 480 billion U.S. dollars in ESG ETF assets worldwide, compared to 16 billion U.S. dollars in 2015. ESG measures were put in place to encourage companies to act responsibly, with the leading reason for ESG investing stated to be brand and reputation according to managers and asset owners. Gender diversity With the general acceptance of ESG in larger companies, there has still been a significant employment gap of women working in senior positions. For example, the share of women working as a partner or principal at EY, one of the largest accounting firms in the world, was just only 28 percent in 2023.
As of October 2023, 81 percent of multiracial respondents to a survey conducted in the U.S. indicated to enjoy watching TV shows and movies that help them learn about cultures different from their own. Furthermore, 68 percent of Black respondents reported the importance of watching TV shows and movies that are written and produced by diverse creative teams. While 22 percent of white consumers preferred content that features actors who look like them, the same was the case for over half of Black TV and film viewers.
In 2024, gender diversity in the U.S. workforce of Bank of America varied across job categories. The share of female employees was highest in the administrative support segment, where approximately 69 percent of the employees were women. With 52.7 percent, the majority of the first and mid-level officials and managers were also female. In terms of professionals, the share of female employees was around 39.7 percent. On the executive and senior level, 39.3 percent of the employees were female.
In a January 2019 survey, 65 percent of participants who identified themselves as LGBTQ from the United States said that they believe diversity and inclusion is essential to creating a supportive workplace culture. This is compared to only 35 percent of white male participants who felt the same way. All survey participants were full-time working professionals.
In fiscal year 2023, more than half of the professional workforce at Deloitte in the United States were white. Percentage-wise, this is a decrease in the number of white employees from 2022. Asian employees made up the next largest demographic in between 2022 and 2023. Representation of all non-white demographics increased between 2021 and 2023.
Bank of America's leadership diversity in 2024 reveals progress but also room for improvement. While 42 percent of U.S.-based manager positions were held by ethnic minorities, representation decreased at higher levels. This pattern of diminishing diversity in senior roles is common across major U.S. banks, highlighting an industry-wide challenge in promoting and retaining diverse talent in top positions.
According to an August-2023 survey, eight percent of U.S. adults stated that Black and African Americans in TV shows and movies were shown in a very positive way. Meanwhile, the share of respondents thinking the same about white Americans was higher, at 11 percent.
Except for JPMorgan Chase, Citigroup, Capital One and Bank of America, the share of minority employees in the total U.S.-based workforce of the leading U.S. banks was less than 50 percent. Among the observed banks, JPMorgan Chase had the most diverse workforce, with 56 percent of the employees who self-identified were racial minorities. JPMorgan Chase was followed by Citigroup, where the share of people of color was approximately 53 percent. Capital One ranked third in terms of racial diversity. Here, the share of non-white employees in the U.S.-based workforce was 51.4 percent. The share was the lowest at PNC Financial Services, where approximately 38 percent of the workforce were non-white.
Based on employment data in the United States, it was calculated that white identifying employees accounted for 77 percent of broadcasting industry's workforce in 2023. At the same time, the sector employed 16.3 percent of people identifying as Hispanic or Latino.
During an April 2023 survey in the United States, little more than two-thirds (68 percent) of responding adults reported thinking that brands with a large target audience were either somewhat or very responsible for promoting diversity and inclusion. Around 18 percent said such brands were not too responsible or not responsible at all for doing that, while the remaining 14 percent of respondents did not know the answer or had no opinion on the matter.
During a January 2019 survey, 50 percent of Black workers from the United States said that they believe diversity and inclusion is essential to workplace innovation. However, only 29 percent of white male participants felt the same way. All survey participants were full-time working professionals.
In 2022, racial diversity at Citigroup in the United States varied across job categories. On the executive and senior level, 66 percent of the officials and managers identified as white, 13.6 percent as Asian, approximately 8.7 percent as Hispanic or Latino, and Black or African American for each. The share of white employees decreased on lower corporate levels. The share of Asian employees was the highest among the professionals, at 27.1 percent. Hispanic employees were the most represented among technicians, at 29.2 percent, and the share of Black or African American employees was the highest among the administrative support workers, at 18.1 percent.
During an April 2023 survey in the United States, 70 percent of adult respondents who were part of Generation Z (born between 2005 and 2012) reported thinking that brands with a large target audience were either somewhat or very responsible for promoting diversity and inclusion. Among baby boomers (born between 1946 and 1964), that share stood at 64 percent.
This layer summarizes racial and ethnic diversity in the United States. The Diversity Index shows the likelihood that two persons chosen at random from the same area, belong to different race or ethnic groups. The index ranges from 0 (no diversity) to 100 (complete diversity).The data shown is from Esri's 2020 Updated Demographic estimates using Census 2010 geographies. The map adds increasing level of detail as you zoom in, from state, to county, to ZIP Code, to tract, to block group data. Esri's U.S. Updated Demographic (2020/2025) Data: Population, age, income, sex, race, home value, and marital status are among the variables included in the database. Each year, Esri's Data Development team employs its proven methodologies to update more than 2,000 demographic variables for a variety of U.S. geographies.Additional Esri Resources:Esri DemographicsU.S. 2020/2025 Esri Updated DemographicsEssential demographic vocabularyPermitted use of this data is covered in the DATA section of the Esri Master Agreement (E204CW) and these supplemental terms.
In a January 2019 survey, 61 percent of participants who identified themselves as Latinx from the United States said that they believe that their company has diversity and inclusion initiatives in place. This is compared to the 77 percent of disabled participants who said that their company had diversity and inclusion initiatives in place. All survey participants were full-time working professionals.
According to a survey conducted in 2023, 78 percent of employed adults who were Black believed that focusing on increasing diversity, equity, and inclusion at work was a good thing in the United States while 47 percent of employed adults who were White shared this belief.