Visualizing America's Rampant Racial Wealth Inequality

Even though the United States is on course to become "majority minority" by 2044, Statista's Niall McCarthy notes that the country still has a huge and growing racial wealth gap.

A new study by Prosperity Now and the Institute for Policy Studies has found that white households in the middle-income quintile own nearly eight times as much wealth as middle-income black earners and ten times as much as middle-income latino earners.

The infographic below shows the scale of America's racial wealth divide.

Infographic: Racial Wealth Inequality Is Rampant In The U.S.  | Statista

You will find more statistics at Statista

Last year, the same research claimed that if current trends continue, it will take 228 years for the average black family to reach the same level of wealth white families have today. For latino families, it would take 84 years.

Since 1983, black and latino families have seen their real wealth fall considerably from $6,800 and $4,000 to just $1,700 and $2,000 respectively in 2013. Even though white households took a hit during the financial crisis, they still boasted a median wealth of $116,800 in 2013.

The research projects that the gap will widen even further in the years ahead with black household wealth declining 30 percent from today by 2024. The median latino household will see their wealth fall 20 percent while white households will experience a five percent increase by that point.

In addition, while policy-makers are crowing about the fact that aggregate American real incomes are finaly back above 1989 levels, the truth is slightly more awkward... It's all the 1%...

 

And male real incomes remain below 1973 levels...

Comments

ThirdWorldNut tmosley Sun, 09/17/2017 - 15:00 Permalink

When SHTF the public will be made to go after top 10%, not the 0.01% but the top 10%. Mark my words for I have noticed numerous such attempts to bundle mostly tax paying honest individuals along with the blood sucking leeches that the top 0.01% are. The other 9.99% would be thrown under the bus to protect tha 0.01% while fooling masses into believing that the swamp has been drained.

In reply to by tmosley

thecondor Blue Dog Sun, 09/17/2017 - 16:50 Permalink

Jews don't consider themselves "white", they see themselves as the Jewish Race.  Hitler said they are at home both nowhere and everywhere, who do not have anywhere a soil on which they have grown up, but lives in Berlin today, Brussels tomorrow, Paris the day after that and then again in Prague or Vienna or London and who feel at home everywhere.    

In reply to by Blue Dog

Paul Kersey Caloot Sun, 09/17/2017 - 16:52 Permalink

Ashkenazic Jews have higher IQs, but Mizrahi and Sephardic Jews do not. Additionally, it is their verbal scores that skew their overall IQ test scores higher, but, when it comes visuo-spatial reasoning scores, their scores are average at best. Their higher IQ scores are peobably a matter of self-selection rather than natural selection.

In reply to by Caloot

Caloot Paul Kersey Sun, 09/17/2017 - 18:38 Permalink

Yes you are absolutly correct, however they are what constitute eastern european jews, which I would suggest make them the folks most people consider so influential in finance.   Likewise they make up a quarter of the Isreali.  Whatever one would use to contribute to the fact that they have on average a higher IQ, they do.  And as to natural selection vs domestication;, sure they are smart enough to breed for intelligence.  And that the smartest IQ tend to naturally dominate lower iq people seems pretty obvious.   And no, I'm not Jewish, but of Italian descent, which is of higher IQ than most of Europe.  Which might explain Roman domination as well as the seat of European Renaissance.  Science is really awesome in dealing with reality.  And yes. It's sucks being out smarted.  Btw... North Koreans have on average a very high IQ. Just saying.

In reply to by Paul Kersey

caconhma Paul Kersey Sun, 09/17/2017 - 20:55 Permalink

I did not know that Dr. Wernher von Braun and his team were Jews? I thought they were NAZI. They have opened the Space to the mankind and none of them got a Nobel Prize. Why?  After the WW II, Nobel Prizes were/are reserved for people like gangsters and terrorists like Begin, Kissinger, Gore, Obama, etc.As for "Nobel Prizes" in economics, they are not genuine Nobel Prizes. "Nobel Prizes" in economics are distributed by Central Bankers who are exclusively Jews and these prizes are given exclusively to the members of the same tribe.I am a Physicist and a rocket engineer. I can speak for my own field Physics: nothing of big value has been done in the last 40 years. We were told about breakthroughs regarding to the Universe zillions years ago. It is all lies. Nobody really knows what they are talking about.Finally, I have met very good, talented, and honest Jews but they are exceptions. The majority very dishonest, greedy, and filthy people without any moral compass. They are very good lying and taking credit for somebody else achievements. Thanks to these people, science became a fraud! This cancer has spred to all parts of the US society and it will kill the patient.PSBe aware of Asians. They are not very creative yet but they are making great progress. 

In reply to by Paul Kersey

Ballin D Canoe Driver Sun, 09/17/2017 - 16:51 Permalink

people are full of shit from those facebook surveys but your social group has a lot to do with it too.  The average IQ for people entering college is above 100 for just about any major.  By the time you graduate, get a real job, and keep that job, you're looking at an even stronger sample.  the idiots you associate with are probably in the ballpark of 100.theres a whole world of morons out there that you dont even know about who are dumber than you can imagine humans being.

In reply to by Canoe Driver

Lost My Shorts auricle Sun, 09/17/2017 - 16:58 Permalink

You have to admit that past discrimination plays some role.  The golden age of wealth accumulation for the working class and middle class in the US was 1945 to 1975, when real estate was still cheap.  At that time, blacks were still subject to red-lining and race-based predation by the banks, so they couldn't get on the real estate ladder as easily as whites.  I would bet if you could trace the wealth of the median white family back in time, it would often trace to capital gains on a house bought by their parents or grandparents.  As for hispanics, most of them would have been either farm workers or not in the US yet during the golden age.Currently, no segment of the working class or middle class is accumulating wealth overall.

In reply to by auricle

Utopia Planitia overbet Sun, 09/17/2017 - 15:57 Permalink

His comment is a political slogan that is highly oversimplified.  It is nothing more.  It is more informative to look at WHY people end up in that circumstance.  And that is indeed because they have bought into the FSA. (Free Scat Army)  The Progressives have PROMISED them that they will be TAKEN CARE OF, no matter what.  No matter that it is simply not possible to do so.  If the progs were serious (and honest) about what they promise they would be doing that with their own money and their own efforts.  But instead they promise YOUR money and hard work to pretend to make it so.  If that is not slavery I do not know what is. "I hereby promise everything produced by that person over there - who I pretend to hate - to YOU, my beloved subjects!!!  They have STOLEN everything they have from you (even though you do nothing but sit around on your lazy ass and made no attempt to better yourself)."  So why should those people make any attempt?  It is far easier to just whine and complain that they are OWED more and more. A very sad sitation.

In reply to by overbet