Wealth gap widens between races
By Tami Luhby, @CNNMoney
NEW YORK (CNNMoney) - White Americans have 22 times more wealth than blacks - a gap that nearly doubled during the Great Recession.
The median household net worth for whites was $110,729 in 2010, versus $4,995 for blacks, according to recently released Census Bureau figures.
The difference is similarly notable when it comes to Hispanics, who had a median household net worth of $7,424. The ratio between white and Hispanic wealth expanded to 15 to 1.
The gap between the races widened considerably during the recent economic downturn, which whites weathered better than blacks, Hispanics and Asians.
The latter three groups saw their median household net worth fall by roughly 60% between 2005 and 2010, while the median net worth for white households slipped only 23%.
This allowed whites to leap ahead of Asians as the race with the highest median household net worth.
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Deport ALL illegals and we would be driving the new vehicles theyve stolen from our economy. We would be free to pursue our talents instead of working for third world wages with a spanic standard of living. NO BORDER, NO PEACE!
Just let republicans have their way and wealth will skyrocket for the 1% ers.It's their extremist plan and they'll do what they have to achive it,no matter who or what gets hurt getting in the way while they're doing it,collateral damage as one would say..So be carefull who or what you vote for ,eventually it might be coming back to bite ya where it counts,that will definitly smart,won't it!!
I am interested on how you gathered your statistical data. Do you average in the wealth of the 1% with the rural 99%? does the fact that whites are 48% of the population compared to 12% being black affect the data? interesting...
If only you saw everyone's income compared to the income of the American Indian reservations.
I'm trying very hard to find this "Census" data that every Liberal news agency is reporting, but I'm having a heck of a time finding it.
That's because it is propaganda and an out right lie