White households have 13 times more wealth than their black counterparts. Pew Research says: "A separate Pew report concluded in 2014 that the wealth gap between white and black people in the United States is at its highest point since 1989.
Those findings were followed by a separate report released in August by the the Institute for Policy Studies and the Corporation for Enterprise Development found that, if economic trends over the past three decades continue on pace, it “will take black families 228 years to amass the same amount of wealth white families have today.” It would take Latino families 84 years to accrue the same wealth as their white counterparts.
The study projects that, by 20143, when people of color are projected to comprise a majority of the U.S. population, the wealth divide with white families on one side and Latino and black families on the other while be double current levels.
“This growing wealth divide is no accident,” states the report. “Rather, it is the natural result of public policies past and present that have either been purposefully or thoughtlessly designed to widen the economic chasm between White households and households of color and between the wealthy and everyone else. In the absence of significant reforms, the racial wealth divide—and overall wealth inequality—are on track to become even wider in the future.”
And you thought America meant that bit about equality and equal justice for all.
Hey White boy ... what'cha gonna do when you don't make all the rules anymore?
http://www.alternet.org/economy/racial-wealth-divide-america-staggering-and-thats-trump-walks-white-house?akid=15070.260394.c3MObq&rd=1&src=newsletter1069765&t=4
Those findings were followed by a separate report released in August by the the Institute for Policy Studies and the Corporation for Enterprise Development found that, if economic trends over the past three decades continue on pace, it “will take black families 228 years to amass the same amount of wealth white families have today.” It would take Latino families 84 years to accrue the same wealth as their white counterparts.
The study projects that, by 20143, when people of color are projected to comprise a majority of the U.S. population, the wealth divide with white families on one side and Latino and black families on the other while be double current levels.
“This growing wealth divide is no accident,” states the report. “Rather, it is the natural result of public policies past and present that have either been purposefully or thoughtlessly designed to widen the economic chasm between White households and households of color and between the wealthy and everyone else. In the absence of significant reforms, the racial wealth divide—and overall wealth inequality—are on track to become even wider in the future.”
And you thought America meant that bit about equality and equal justice for all.
Hey White boy ... what'cha gonna do when you don't make all the rules anymore?
http://www.alternet.org/economy/racial-wealth-divide-america-staggering-and-thats-trump-walks-white-house?akid=15070.260394.c3MObq&rd=1&src=newsletter1069765&t=4