An Astounding Measure of Racial Inequality in the USA

( – promoted by buhdydharma )

I’m not exactly easy to amaze about economic inequality in the USA, but I have to admit that my eyes literally bulged out of my head when I saw this bar graph from the Federal Reserve Board’s Survey of Consumer Finances (via Wolff, 2010).

Figure_3

Median net worth for white households is $143,600.

Median net worth for black households in $9,300.

Median net worth for Latino households is $9,100.

Inequality in net worth dwarfs income inequality, with a ratio between whites and blacks or Latinos of about 15 to 1, and when you leave housing equity out of the mix, as in the third set of bars above, the ratio of financial equity, stocks, bonds, and money in the bank, increases to more than 80 to 1.

6 comments

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    • Xanthe on November 7, 2010 at 5:13 pm

    the middle-middle and lower middle whites lost in the market: 40l(k), housing values, this amount reflects the wealthy whites getting even wealthier.

    Well, there it is in a chart and everything!

  1. as a source of knowledgeable credible egalitarian based information you lost me.  The Fed is, and has been the enemy of humanity since 1913.  The rest of the world is coming to this realization in dumping the dollar and the former greatness that was the US of A.  While it is surely true the minority oppressed races can never statistically compare to the acquired wealth of the historically empowered dominant white race the Fed, the IMF, that Davos Jet setting Bilderberg group considers that white 143.6k their own personal piggy bank.  It’s all relevant.  Hey, you got $53 for a loaf of Wonderbread don’t you.

    • RUKind on November 8, 2010 at 5:53 am

    I’d need a microscope to see what I just wrote. seriously. All other sites are bahving fine. They expand to a correct width. Using Firefox – latest version. CaI need some help. thx.

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