Number of times by which the wealth of white U.S. households exceeded that of black households in 2013, according to a new study from the Pew Research Center: 13
In 2010: 8
Number of times by which the net worth of white households exceeded that of Hispanic households in 2013: more than 10
In 2010: 9
Rank of 2013 among the past 30 years in which the racial and ethnic wealth gaps were at or about their highest levels: 1
Percent increase in the median wealth of white households from 2010 to 2013: 2.4
Percent decrease in the median wealth of Hispanic and black households respectively over that period: 14.3, 33.7
Portion of households of color that are liquid-asset poor, meaning they have less than three months’ worth of savings on hand, conservatively measured at $5,887 for a family of four: 2/3
Factor which which African-American households are more likely than white households to be liquid-asset poor: 2
The median net worth of a white family with less than a high school education: $51,300
Of a Hispanic family with a college degree: $41,000
Of a black family with a college degree: $25,900
Percent of the U.S. racial wealth gap driven by disparities in homeownership: 27
Portion of every single dollar in wealth that’s gained through homeownership: 2/3
Percent decrease in the homeownership rate for white households from 2010 to 2013: 2
For minority households: 6.5
Of the 10 states with the highest rates of black homeownership, number that are in the South, where home values tend to be lower: 8
1 Comment
It is true that capitalism hits hard at minorities because they happened to be poor, but to prove racial discrimination we have to compare data of whites with similar economic profiles.