Those of you whom I was discussing wealth gap with, may find this useful to read. Its a statistical breakdown of the differences in standard of living and quality of life in the US between black and white people. Saw it on a friends wall. The net worth of the average black household in the United States is $6,314, compared with $110,500 for the average white household, according to 2011 census data. The gap has worsened in the last decade, and the United States now has a greater wealth gap by race than South Africa did during apartheid. (Whites in America on average own almost 18 times as much as blacks; in South Africa in 1970, the ratio was about 15 times.) ... ... Because of the catastrophic experiment in mass incarceration, black men in their 20s without a high school diploma are more likely to be incarcerated today than employed, according to a study from the National Bureau of Economic Research. Nearly 70 percent of middle-aged black men who never graduated from high school have been imprisoned. Income inequality spilling over across racial lines is a real problem in many places.
Posted on: Wed, 03 Sep 2014 04:44:58 +0000
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