Huge wealth gap emerges between #black and white families. #africanamerican
(Yahoo News) A new Brandeis University study that followed 2,000 families has found that the pay gap between white and black American families quadrupled in only 23 years, from $20,000 to $95,000.
Even when black families earn a significantly higher income than whites, the study found, they accumulated much less wealth. That disparity can’t be attributed to personal saving habits either, since blacks and whites save at the same rate. White families earning more than $30,000 a year accumulated $74,000 in wealth between1984 and 2007, whereas black families earning more than $50,000 accumulated only $18,000 in wealth during that period.
Huge wealth gap emerges between #black and white families. #africanamericanTags: wealth disparity, wealth gap
