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FEB 27, 2013 - American Prospect

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The Titanic Wealth Gap Between Blacks and Whites

The gap between black and white wealth is nothing new. Researchers have studied it for decades, people have lived it for longer, and comedians—from Chris Rock to Dave Chappelle—have used it to craft biting humor. What's novel is the extent to which its has exploded over the last 25 years. According to a recent study from the Institute on Assets and Social Policy at Brandeis University, in which researchers followed 1,700 working-age households from 1984 to 2009, "the total wealth gap between white and African-American families" has nearly tripled, "increasing from $85,000 in 1984 to $236,500 ... Read More

Tags: The Titanic Wealth Gap Between Blacks and Whites,  Chris Rock Latest News