- Sep 12, 2009
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"Perhaps no statistic better illustrates the enduring legacy of our country’s shameful
history of treating black people as sub-citizens, sub-Americans, and sub-humans than
the wealth gap," the Atlantic's Ta-Nehisi Coates wrote in his masterful essay, "The
Case for Reparations."That gap, enormous and awful as it already was, has been
growing since the recession. Last week, the Pew Research Centerreported that the
median white household was worth $141,900, 12.9 times more than the typical black
household, which was worth just $11,000. In 2007, the ratio was 10 to one. The divide
between white families and Hispanics was similar.
Depressing as those numbers sound, they may actually be a bit too upbeat. Pew is arguably overstating black wealth.
Read more: http://www.slate.com/blogs/moneybox...n_you_even_think.html?wpsrc=sh_all_mob_fb_top
history of treating black people as sub-citizens, sub-Americans, and sub-humans than
the wealth gap," the Atlantic's Ta-Nehisi Coates wrote in his masterful essay, "The
Case for Reparations."That gap, enormous and awful as it already was, has been
growing since the recession. Last week, the Pew Research Centerreported that the
median white household was worth $141,900, 12.9 times more than the typical black
household, which was worth just $11,000. In 2007, the ratio was 10 to one. The divide
between white families and Hispanics was similar.
Depressing as those numbers sound, they may actually be a bit too upbeat. Pew is arguably overstating black wealth.
Read more: http://www.slate.com/blogs/moneybox...n_you_even_think.html?wpsrc=sh_all_mob_fb_top