By Tami Luhby, CNNMoney
The racial wealth gap between black and white Americans might be wider than you think.
Consider this: The median household wealth of blacks was a mere $5,677 in 2009, just 5% of the $113,149 median wealth of whites, according to the Pew Research Center.
That chasm of difference in financial assets is one reason why black families are seven times more prevalent in homeless shelters than white families, according to a new report released by the Institute for Children, Poverty and Homelessness. Wealth serves as a crucial safety net during economic downturns.
well least my black ancestor... had made a lot of money and spoiled me with it but I probably won't make as much as her.. buut technically i don't even think she got the dollar value from actually working but just luck.. som...
Thats because the blacks were given their independence and now is proving that theyre unable to make anything of themselves. Bein a statue on a porch holding a lamp is what theyre good for. Any applicants?
Maybe the real reason Blacks are lagging behide because the average IQ of Blacks in America is only 85. It is racism i know everything that against political correctness is wrong in America.
If you have much wealth you cannot stay on the Democrat welfare plantation, seems their plan to keep black Americans dependent and voting Democrat is going gangbusters.
CNN why is every article here pandering to the typical minority divide and whine??
Blacks are 12 percent of the populace, give them that in coverage and knock it off. Blacks cause more crime based on statistical representation, write an article on that???