Monday, December 15, 2014

During Obama’s reign, median wealth of black households fell 33.7%, from $16,600 in 2010 to $11,000 in 2013


Wealth Inequality by Race
The Great Recession, fueled by the crises in the housing and financial markets, was universally hard on the net worth of American families. But even as the economic recovery has begun to mend asset prices, not all households have benefited alike, and wealth inequality has widened along racial and ethnic lines.
The wealth of white households was 13 times the median wealth of black households in 2013, compared with eight times the wealth in 2010, according to a new Pew Research Center analysis of data from the Federal Reserve’s Survey of Consumer Finances. Likewise, the wealth of white households is now more than 10 times the wealth of Hispanic households, compared with nine times the wealth in 2010.
http://www.pewresearch.org/fact-tank/2014/12/12/racial-wealth-gaps-great-recession/

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