The color of money or how White high school dropouts are wealthier than Blacks who graduated from college

“a new Pew report shows how stark that divide is by race and ethnicity: the median household headed by a white person has a net worth 13 times greater than the median black-headed household. And for whites and Hispanics, the gap is tenfold. In both cases, those gaps are growing.” [link]

wealth gap

Whites are much richer than blacks at each level of the income scale (poor whites much richer than poor blacks, rich whites much richter than rich blacks). Whites are also richer than blacks for each level of education. This means that education alone isn’t the answer to inequality. This last chart is also the one that demonstrates that white college dropouts have more wealth than black college graduates.

gap by income

Gap by education

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s