Web Analytics
The decline of AfricanAmerican and Hispanic wealth since the Great

The decline of AfricanAmerican and Hispanic wealth since the Great

<

Figure 2 Mean net worth by race and ethnicity, 1983-2016 (1000s of 2016 dollars). Hispanic households made sizeable gains on whites from 1983 to ...

Created with Highcharts 7.0.2 Share of Families with Student Loan Debt for Those Ages 25–55, 1989–2016 White Black Hispanic 1989 1992 1995 1998 2001 2004 ...

The massive new study on race and economic mobility in America, explained - Vox

6 Black and Hispanic families lag behind on major wealth-building measures, like homeownership

7 Black and Hispanic families have less in liquid retirement savings

Created with Highcharts 7.0.2 Median Family Wealth by Race/Ethnicity, 1963–2016 White Black Hispanic Nonwhite 1963 1992 1998 2004 2010 2016 $0 $50 000 $100 ...

Created with Highcharts 7.0.2 Median Family Wealth by Race/Ethnicity, 1963–2016 White Black Hispanic Nonwhite 1963 1992 1998 2004 2010 2016 $0 $50 000 $100 ...

Created with Highcharts 7.0.2 Median Family Wealth for Those Born 1943–51 White Black 30s and 40s 40s and 50s 50s and 60s $0 $100 000 $200 000 $300 000 $400 ...

Created with Highcharts 7.0.2 Median Family Wealth for Those Born 1943–51 White Black 30s and 40s 40s and 50s 50s and 60s $0 $100 000 $200 000 $300 000 $400 ...

9 Federal policies fail to promote asset building by lower-income families

... million $1.5 million $1.8 million $1.8 million $1.3 million $1.3 million $2 million $2 million $1.1 million $1.1 million White Black Hispanic Men Women

Urban.WealthByRace-avg3. As the ...

2 One reason for rising wealth inequality is income inequality

Urban.IncomeDeciles2

Median adjusted family net worth chart

... of the two minority groups than among whites.” #SDoH #HiAP https://voxeu.org/article/decline-african-american-and-hispanic-wealth-great-recession … ...

"From 1983 to 2010, average family wealth for whites has been about six times that of blacks and Hispanics ...

1 Wealth inequality is growing

The decline has been most sharp among African Americans from 65 percent in January 2009 on the eve of President Obama's inauguration, to 36 percent now.

Urban.WealthPercentiles1

Download figure ...

Download figure ...

The wealth gap also grew for those with college degrees and those without. Families led by someone with only a high school diploma went from $54,100 in net ...

For blacks, the decline between 2010 and 2013 was precipitous–more than 33 percent. Pew noted that decline is related to the 9 percent drop in median income ...

Alex Trillo

Systematic Inequality

The decline in manufacturing jobs has hurt blue-collar workers and families with lower degrees of educational attainment. Latino and African American ...

An ambitious graduate standing on books over an abstract sky background. The graduate and the background are on separate labeled layers.

Job-seekers fill out employment applications during a Job News USA career fair in Jeffersonville, Ind., on Sept. 20. (Luke Sharrett/Bloomberg News)

Median wealth of black Americans 'will fall to zero by 2053', warns new report | Inequality | The Guardian

What factors lead to these outcomes? It's well-known that the unemployment rate is negatively correlated with educational attainment: The more educated the ...

Minorities continue to find it more difficult than whites to qualify for loans.

Gary Cameron / Reuters

Edward Wolff NYU. https://voxeu.org/article/decline-african-american-and- hispanic-wealth-great-recession …pic.twitter.com/2uD4xC4TDn

... of the two minority groups than among whites.” #SDoH #HiAP https://voxeu.org/article/decline-african-american-and-hispanic-wealth-great-recession … ...

Black, Latino Two-Parent Families Have Half The Wealth Of White Single Parents : Code Switch : NPR

The Decline of African-American and Hispanic Wealth Since the Great Recession

A map from the 1930s showing redlining mapping of Atlanta.

Blacks and Hispanics still typically earn far less than whites, in part because whites dominate higher-paying fields, such as technology and finance. The ...

Some 45% of Hispanics who grew up in the lowest income quintile made it to the middle class or even higher, compared to 46% of whites and 25% of blacks .

A father walks hand in hand with his daughter in Santa Fe, New Mexico.

“Entitlement” politics is racial politics! https://voxeu.org/article/decline-african-american-and-hispanic-wealth-great-recession …pic.twitter.com/ ...

Download figure ...

The Economics Of Cryptocurrency Pump And Dump Schemes – Analysis

20 Facts About U.S. Inequality that Everyone Should Know

Hispanic children were less likely to enroll in private school overall in 2013 than in 1969 (the first year with data available for Hispanic student ...

When it comes to median wealth, which includes the value of assets like homes and savings, degree-holding blacks and Hispanics also suffered losses, ...

The massive new study on race and economic mobility in America, explained - Vox

WealthRaceOverLifetime-avg4 Urban.LifetimeEarnings5. But it's not just income gaps that explain the racial wealth gap. African Americans and Hispanics ...

Black and Latino two-parent families still have half the wealth of white families with just one parent. Demos.org hide caption

Image

Low levels of Black and Latino wealth, combined with their growing proportion of the population, is a key factor in the overall decline in American median ...

A new report says Hispanic identity is fading. Is that really good for America?

A line graph showing rates of violent crime and murder and nonnegligent manslaughter in the United

Ten Years After the Crash, We Are Still Living in the World It Brutally Remade

Racial gap among children of one and two-parent households

Distribution of parental incomes

Employment rates for black and white women, conditional on parents' income

America Will Only Remain 'Majority White' If Blacks Remain an Underclass

White families have nearly 10 times the net worth of black families. And the gap is growing. - The Washington Post

Download figure ...

Download figure ...

Blacks and Hispanics still typically earn far less than whites, in part because whites dominate higher-paying fields, such as technology and finance. The ...

Download figure ...

2. CEO pay

Illustration by Brian Breneman

Latin America.

Download figure ...

An extract from...Cause...And How It Doesn't Always Equal EffectGregory SmithsimonMelville House

Also, second-generation Americans often inherit a strong work ethic from their parents.

The decline of African-American and Hispanic wealth since the Great Recession - VOX

The massive new study on race and economic mobility in America, explained - Vox

Last Hired, First Fired: How the Great Depression Affected African Americans

Fact Sheet: The State of African American Women in the United States

Wage rates among black and white women

Also, wealth disparities are starker than income disparities. Median wealth for Hispanics and blacks is about 90 percent lower than that of whites.

All Americans are getting richer, but inequality is still getting worse

Edward Wolff NYU https://voxeu.org/article/decline-african-american-and- hispanic-wealth-great-recession …pic.twitter.com/4jzIFFtkHG

Image

This chart comes from a recent Census report on income and poverty. Note that just about everyone's seen a decline in real household income since 1999.

The Black Family in the Age of Mass Incarceration

That's mainly due to differences in home ownership rates. Most Americans' net worth is tied up in their homes, but blacks and Hispanics are much less likely ...

Median Family Net Worth in 2013

All these factors contribute to higher poverty rates among blacks and Hispanics. More than one in four black Americans are in poverty, and nearly that many ...

The market for low-skill jobs isn't as zero-sum as immigration opponents think.

Inequality based on poverty, race and ethnicity

The St. Luke Penny Savings Bank in Richmond was one of the first black-owned banks in the United States.Courtesy of National Park Service, Maggie L. Walker ...

Zak Bickel / The Atlantic

Inequality crisis: Blacks and Latinos on the road to zero wealth

Darlene Easley stands in front of the home she bought in August 2017. (Photo: Darlene Easley)

Median Family Net Worth in 2013

Carlos Javier Ortiz

In 2016, the median household income was $63,200 for whites, $46,900 for Hispanics and $38,600 for blacks, according to the study, citing Census data.

2015-04-12-1428857772-7524954-Top1Race3.jpg

Members of the Congressional Black Caucus wear black clothing and Kente cloth in protest before the State of the Union address, on January 30, 2018.

The jobless rate has historically been much higher for blacks and Hispanics, which contributes to their having lower income and ...

Download figure ...

Chris Kindred / The Atlantic