Racial wealth gap in US getting wider.

20 May

Racial wealth gap getting wider:

A study by the Institute on Assets and Social Policy (IASP) at Brandeis University shows that the wealth gap between white and African-American families increased more than four times between 1984-2007, and middle-income white households now own far more wealth than high-income African Americans.

Read more here:

http://aareports.com/2010/05/us-racial-wealth-gap-quadrupled-since.html

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One Response to “Racial wealth gap in US getting wider.”

  1. urbanshopoholics July 26, 2011 at 10:14 pm #

    Sadly, new U.S. Census data out today has confirmed your observation of several months back on how little minorities have accumulated in HOUSEHOLD net worth. About $6,000 total is all Black and Latinos households have in assets. The housing market meltdown wiped out years of wealth building through home ownership and the relentless unemployment in urban communities certainly hasn’t helped.

    The-Urban-Shopper.com is a Shopping Lifestyle and Values magazine whose mission is to address the gap in wealth through smarter consumerism.

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