Income difference between races increases since the recession

[Sinister Cultural Marxist]

http://www.bbc.co.uk/news/14296246


Downturn widens racial wealth gap

http://news.bbcimg.co.uk/media/images/54277000/jpg/_54277575_012382526-1.jpg The wealth gap is said to be the widest since the government began publishing such data in 1984
The wealth gap between American whites and minorities has grown wider during the recession, according to an analysis of US Census data.
It found the median wealth of white US households in 2009 was $113,149 (£69,000), compared with $6,325 for Hispanics and $5,677 for blacks.
This left whites with about 20 times the net worth of blacks and 18 times that of Hispanics.
Those ratios compared with 7:1 for both groups back in 1995.
The study (http://pewsocialtrends.org/2011/07/26/wealth-gaps-rise-to-record-highs-between-whites-blacks-hispanics/), compiled by the Pew Research Center from 2009 data, found the wealth gap was the widest it has been since the government began publishing such statistics by ethnicity in 1984, when the ratio was roughly 12:1.

[miltonwasfried...man]

Thank you capitalism :thumbup:

[Tommy4ever]

Wow, the median income of white households is really fucking high.

[The Underdog]

£69,000?!! Holy cow shit...

[freya4]

In this article, they're not talking about annual income. They're talking about wealth, or total net worth. Otherwise, the income for whites, $113,149, would be unusually high. It's a solid upper middle class salary.
Here are the stats for income by race:
http://www.predatorylendingassociation.com/images/median_income_race.png

[The Underdog]

In this article, they're not talking about annual income. They're talking about wealth, or total net worth. Otherwise, the income for whites, $113,149, would be unusually high. It's a solid upper middle class salary.

It's still quite high, especially in relation to the other groups.

[AnonymousOne]

But, you know, white privlege isn't real. :rolleyes:

[Rêve Rouge]

http://www.predatorylendingassociation.com/images/median_income_race.png

Caucasians make less income than another race? What could explain that? Hopefully this doesn't reinforce the "model minority" stereotype.

[khad]

That's because much of immigration from Asia is highly selective. The United States prioritizes skilled labor and only lets in those who have advanced training or are expected to take high-value jobs.

Normalized by occupation, whites still make more.

[cheguvera]

Captialism is failing.It takes us no where.

[freya4]

It's still quite high, especially in relation to the other groups.
Yes the wealth distribution is very lopsided, even more so than the income distribution. It's probably because of the housing market crisis which hit minorities harder than whites. Whites are also more likely to own stocks and retirement funds than Blacks and Hispanics, whose home equity probably makes up a larger proportion of their total net wealth.

[CAleftist]

That's because much of immigration from Asia is highly selective. The United States prioritizes skilled labor and only lets in those who have advanced training or are expected to take high-value jobs.

Normalized by occupation, whites still make more.

Indeed. As a resident of the 'Silicon Valley", can attest to the fact that most of the many Asian-Americans around here are concentrated in engineering, IT, etc. jobs that pay highly and require a high degree of education.