Wealth Gap Widens Between Whites, Minorities

The wealth gaps between whites and minorities have grown to their widest levels in a quarter-century. The recession has erased decades of minority gains, leaving whites with 20 times the net worth of blacks and 18 times that of Hispanics.

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Topics:  blacks   ethnicity   hispanic   minorities   race   recession   wealth   wealth gap   whites   
  • US casino revenue up nearly 5 percent in 2012
    Things are looking up for most of the nation’s commercial casinos, as gambling revenue increased by nearly 5 percent last year and jobs held roughly steady. According to the annual survey of casinos by the American Gaming Association, America’s nontribal casinos took in $37.3 billion from gamblers last year, an increase of 4.8 percent over 2011. More
  • US suicide rate rose sharply among middle-aged
    Health officials say suicides among middle-aged Americans climbed at a startling rate over the past decade, a period that included the recession. Overall, the suicide rate for the age group jumped 28 percent from 1999 to 2010. And among whites, it shot up 40 percent.... More
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    Britain skirted a "triple dip" recession by growing faster than expected in the first three months of the year, providing some cover for a government under fire over its austerity drive. More
  • IMF trims global growth forecast, sees bumpy recovery
    The International Monetary Fund on Tuesday shaved projections for global economic growth for this year and next to take into account sharp government spending cuts in the United States and the latest struggles of recession-stricken Europe. More
  • Where US economy has, and hasn't, yet recovered
    From household wealth to spending at stores, many of the U.S. economy's vital signs have recovered from the damage done by the Great Recession. Home foreclosures and layoffs have dropped to pre-recession levels. More
  • Student Loans and the Racial Wealth Gap
    The debt burden can weigh most heavily on members of minority groups, who often have far fewer financial resources to draw on, a disparity known as the racial wealth gap ... 70.3% of Whites.
    09/18/2020 - 10:11 am | View Link
  • Public Policy Widens Wealth Gap, Reports Heller Study
    The existing dramatic gap in U.S. household wealth along racial lines cannot be attributed to personal ambition or behavioral choices but rather reflects government policies and institutional ...
    05/13/2019 - 11:34 pm | View Link
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  • Economic inequality
    In 1820, the ratio between the income of the top and bottom 20 percent of the world's population was three to one. By 1991, it was eighty-six to one. A 2011 study titled "Divided we Stand: Why Inequality Keeps Rising" by the Organisation for Economic Co-operation and Development (OECD) sought to explain the causes for this rising inequality by investigating economic inequality in OECD ...
    04/11/2021 - 7:01 am | View Website
  • US racial inequality in 6 stark charts
    In April, the unemployment rate for black workers soared to 16.7%, the highest since early 2010, but it was a record 14.2% for white workers. Typically, in recessions, the unemployment rate gap ...
    04/11/2021 - 6:39 am | View Website
  • Barack Obama, Reparations, and America's Wealth Gap
    Blacks in the third quintile of the income distribution have less wealth (or a lower net worth) than whites in the lowest quintile. Even more damning for any presumption that America is free of ...
    04/11/2021 - 6:04 am | View Website
  • Racial Wealth Gap: Statistics, Causes, How to Close It
     If public policy equalized income between Blacks and Whites, Black wealth would grow $11,488 per household, shrinking the wealth gap by 11%. Similarly, median Latino wealth would grow $8,765, shrinking the wealth gap by 9%.  
    04/11/2021 - 4:30 am | View Website
  • Group Aims to Cut Racial Wealth Inequality
    The exact gap between Black and White wealth is different depending on how you measure it: By median household wealth, Black families have 12.8 cents for every dollar owned by Whites, according to the Federal Reserve’s most recent Survey of Consumer Finances. By the Fed’s latest measure of overall wealth owned by the two groups, Black Americans have 4.8 cents for every dollar owned by ...
    04/10/2021 - 11:44 pm | View Website
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