•Wealth attenuated racial differences in self-rated health during young adulthood.•Wealth had consistent incremental effect on health among White & Hispanic Americans.•For Black Americans, wealth was protective of health in the highest wealth quartile.•Individual wealth, not parental wealth was associated with health among Hispanics.
Keywords: Race, Wealth, Racial health disparities; Social determinants of health; Socioeconomic status; Young adults.
© 2022 The Authors.