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Wealth Gap
Wealth Gap in US, 2016 – The median wealth of white households was 10 times the wealth of black households and eight times that of Hispanic households
The Great Recession of 2007-2009 triggered a sharp, prolonged decline in the wealth of American families, and an already large wealth gap between white households and black and Hispanic households widened further in its immediate aftermath. But the racial and ethnic wealth gap has evolved differently for families at different income levels, according to a … Continue reading
US / African-American / The wealth gap between worsening
The wealth gap between blacks and whites has nearly tripled over the past 25 years, due largely to inequality in home ownership, income, education and inheritances, according to a new study by Brandeis University. That type of inequality can be a drag on economic growth for everyone, said Thomas Shapiro, director of the university’s Institute … Continue reading
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