(9 am. – promoted by ek hornbeck)
The median net worth of black households was $2,200 in 2009, the lowest ever recorded, while the median net worth among white households was $97,900, or 44.5 times that of black households. Finally, from 2007 to 2009, average black wealth declined by 37%, compared to 28% for white wealth over the same time period.
So for every dollar of net worth in a white household, a typical black household has 2¢, and while white unemployment has recovered slightly from the bottom of our ongoing recession, black unemployment remains above 16%.