Friday, August 22, 2014

Wow Income Inequality between Whites and Blacks is Staggering

I have to agree that black people have seriously suffered in the last few years.

A typical black household has accumulated less than one-tenth of the wealth of a typical white one. And it's only getting worse. 

Over the past 25 years, the wealth gap between blacks and whites has nearly tripled, according to research by Brandeis University. 

The article sites that most black families do not own a home which is where much of white peoples wealth seems to come from. This statistic is horrible.

All of these factors combine to push many blacks into poverty. America's 15% poverty rate masks the underlying racial differences. More than one in four blacks live in poverty, while fewer than one in 10 whites do. 

You would figure that black leaders would be doing everything they could to fix these numbers. 

No comments: