Monday, May 17, 2010
News News from Post-Racial America
Posted by Mark Asch on Mon, May 17, 2010 at 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.
Top Commenters
