Wealth gap between whites and African-Americans tripled in 25 years
Posted in the Minneapolis Forum
#1 Feb 27, 2013
Study shows wealth gap between whites and African-Americans tripled in 25 years
Source: Raw Story
By Arturo Garcia
Wednesday, February 27, 2013 15:28 EST
The wealth gap between white and African-American households almost tripled within the past 25 years according to a study released on Wednesday by Brandeis University.
The study,(PDF) conducted by the university’s Institute on Assets and Social Policy, tracked 1,700 working-age households between 1984 and 2009 and concluded that the disparity between white and black families went from $85,000 to $236,500 during that period.
According to the study, there was “little evidence” that commonly-held perceptions about personal choices and behaviors held true when it came to measuring the ability to accumulate wealth.
“In my estimation, policies and institutional practices are the main story,” said the institute’s director, Tom Shapiro, who was the principal author of the report, during an online seminar on Wednesday.
Read more: http://www.rawstory.com/rs/2013/02/27/study-s...
Saint Paul, MN
#2 Feb 27, 2013
That trend was started by Johnson's "great society" plan that has plunged many 3rd and 4th generation minority and poor white families into a permanent underclass status.
#3 Feb 27, 2013
The trend is furthered by racist Republicans.
#4 Feb 27, 2013
The intelligence gap gap between whites and African-Americans tripled in 25 years. It has a direct relationship with the wealth gap.
#5 Feb 27, 2013
Please excuse our Crassus - his racism stems from his severe self esteem issues which cause him to say and do ANYTHING to get attention.
The very good news is that mental illness is covered under the ACA so Crassus will be able to get treatment.
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