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sinkingfeeling

(51,445 posts)
Thu Aug 21, 2014, 12:57 PM Aug 2014

5 disturbing stats on black-white inequality

http://money.cnn.com/2014/08/21/news/economy/black-white-inequality?hpt=hp_c2

The figures are staggering.

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.

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.

The economic situation in Ferguson mirrors the national picture, with poverty, unemployment and low income pervasive among its black residents.
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