News from Post-Racial America

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05/17/2010 5:17 PM |

“A typical white family is now five times richer than its African-American counterpart of the same class,” the Guardian reports, relaying the just-announced results of a Brandeis “study [which] monitored more than 2,000 families since 1984.” The study reveals that “White families typically have assets worth $100,000… up from $22,000 in the mid-1980s. African-American families’ assets stand at just $5,000, up from around $2,000.”

An author of the report offers systemic discrimination in the generations before the study, and the regressive tax policies of the 80s and onwards, as likely causes.