• Flying Squid
    link
    67 months ago

    Got it. You’re not going to read the article. Well, I’ll just leave this here for you:

    In 2019, the median wealth (without defined-benefit pensions) of Black households in the United States was $24,100, compared with $189,100 for white households. Therefore, the typical Black household had 12.7 percent of the wealth of the typical white household, and they owned $165,000 less in wealth. The average gap is somewhat smaller in relative terms but much larger in dollar terms. The average Black household had $142,330 in 2019 compared with $980,549 for the average white household. This means that, on average, Black households had 14.5 percent of the wealth of white households, with an absolute dollar gap of $838,220.

    The massive Black-white wealth disparity is nothing new in this country. It has persisted for centuries and has been apparent in consistent, nationally representative data for at least three decades. The gap between Black and white households appears to have widened again in the latter part of 2020 as the pandemic and deep recession took hold, especially hurting Black Americans.

    Looking forward to you avoiding those inconvenient truths in favor of more personal attacks.