The wealth gap between whites and Blacks in the United States showed no signs of narrowing over the three years that ended in 2019, according to the latest data from the Federal Reserve released Monday.
The median wealth of white families was $188,200 at the end of 2019 while the median wealth of Black families was $24,100. Hispanic families’ median wealth was $36,100.
charles97564117 Evidence that America has always been a racist economic country no matter what political party or POTUS is in power...when a country is born and rooted from the seeds of slavery it will not matter how big the tree grows.
Black folks are constantly voting DNC and/or GOP! They do NOT want radical changes as BernieSanders wanted! They instead elected JoeBiden - just beyond me! It's unfortunate of your status, you black folks. But for once, if you want changes, vote anything but DNC/GOP!
Its so nice of the Fed to show charts of what the results of their policies are.
Okay, who writes laws? Congress decides the economic winners & losers. Congress legalized massive immigration bringing down wages, flooding the jobs mkt. Wages began falling 1970s per documentary, fell 30% for avg male, then stagnated with some increase last 3 yrs. POTUS GOP
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