Monday, October 18

Who's poorer?

Study Says White Families' Wealth Advantage Has Grown
The enormous wealth gap between white families and black and Hispanic families grew larger after the most recent recession, a private analysis of government data has found.

White households had a median net worth of greater than $88,000 in 2002, 11 times that of Hispanic households and more than 14 times that of black households, the Pew Hispanic Center said in the study, being released Monday.
This is even though Latino teenagers are twice as likely as blacks and three times more likely than whites to drop out of school, which is supposed to have something to do with it. Anyway, the difference is because this study is talking about assets and the other concerned income.

No comments: