Blacks worth $6k; whites $88k
by William Reed
Wealth is a measure of cumulative advantage or disadvantage. It is an abundance of items of economic value, or controlling or possessing such items, and encompasses money, real estate and personal property. Wealth is a state that eludes the majority of blacks.
The median net worth of today's Black household is $6,000. The net worth of a white household is $88,000 -- fourteen times the wealth.
The fact that Black wealth is a fraction of white wealth represents the nation's long history of discrimination. While America's racial structures continue wealth disparities, whites remain implacably opposed to engaging in discussions of reparations, while continuing to profit from inherited gifts from the legacy of slavery.
continues . . .
http://www.insightnews.com/business.asp?mode=display&articleID=2617
by William Reed
Wealth is a measure of cumulative advantage or disadvantage. It is an abundance of items of economic value, or controlling or possessing such items, and encompasses money, real estate and personal property. Wealth is a state that eludes the majority of blacks.
The median net worth of today's Black household is $6,000. The net worth of a white household is $88,000 -- fourteen times the wealth.
The fact that Black wealth is a fraction of white wealth represents the nation's long history of discrimination. While America's racial structures continue wealth disparities, whites remain implacably opposed to engaging in discussions of reparations, while continuing to profit from inherited gifts from the legacy of slavery.
continues . . .
http://www.insightnews.com/business.asp?mode=display&articleID=2617