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March 23, 2006
The Wealth Gap
A few days ago, I got this little squib from the Economic Policy Institute which looked at some data from the Federal Reserve that I haven't seen discussed anywhere:The rest of the snapshot is here.The data in the report reveal that in 2004, minority incomes were about 56% that of whites. However, a far larger gap exists when we compare net worth: minorities' net worth was about 27% of whites, about half the size of the income ratio.
Originally posted by Coyote from Coyote Blog, ReBlogged by cat on Mar 23, 2006 at 01:55 PM