Study finds blacks and Latinos were hit much harder by the recession than whites

[웃 910]

Study finds blacks and Latinos were hit much harder by the recession than whites

You've got to laugh a little at this chart....How is that even possible...Net worth of a household at $6,000...

Edited July 27, 2011 by Lord Infamous

[Bad_Daddy 2,209]

Does it say anywhere on there what the gap is between rich white folk and poor white folk...and if so, has that gap widened over the past couple of decades ?

[웃 910]

Hispanics really took a hit since 05:

[Bad_Daddy 2,209]

So the average white household makes $113,000 per year?

[웃 910]

Does it say anywhere on there what the gap is between rich white folk and poor white folk...and if so, has that gap widened over the past couple of decades ?

"There are also much variety in how much wealth is held by people within any given race. The figure below, shows that the gap between high-income and middle-income whites has tripled since 1984. Both groups, however, have seen an increase in the amount of wealth they hold.

In contrast, the wealth of middle-income black families has stagnated and the wealth of high-income black families has recently dropped, flattening differences in wealth among middle- and high-income blacks, but dramatically increasing the wealth gap between blacks and whites."

[Bad_Daddy 2,209]

"There are also much variety in how much wealth is held by people within any given race. The figure below, shows that the gap between high-income and middle-income whites has tripled since 1984. Both groups, however, have seen an increase in the amount of wealth they hold.

In contrast, the wealth of middle-income black families has stagnated and the wealth of high-income black families has recently dropped, flattening differences in wealth among middle- and high-income blacks, but dramatically increasing the wealth gap between blacks and whites."

I guess where not doing enough to help them out. Maybe more government programs funded by tax payers ?

[웃 910]

So the average white household makes $113,000 per year?

That's medium net worth per family...Not even exactly sure how it is calculated...

I guess where not doing enough to help them out. Maybe more government programs funded by tax payers ?

Help who out...Over the last 30 years every group is basically flat-lined and the rich have gotten much richer...

[mawilson 2,133]

Guess their jobs weren't essential.

[OnMyWayID 1,489]

no... The first chart shows net worth.. All the money and assets a person has minus outstanding debts.. So if you have a 401K worth 100,000 and 5,000 in the bank but owe 25,000 in student loans then your net worth is 80,000

I would like to see a chart comparing the average income of those putting their effort into working and building wealth compared to those that pine over graphs whining about what everyone else is making.

[Danno 1,228]

wonder how asians faired.

[웃 910]

wonder how asians faired.

They beat whites

[lostinblue 1,989]

Single unwed mothers would have a lot to do with the gap. It is the number one cause for poverty in this country. Then you add in the break down of the family structure caused by the welfare system and your economic situation really takes a hit.

[웃 910]

wonder how asians faired.

I think this is from 1997..

The South Asian Community is a wealthy, educated, and progressive, ethnic group. Recent statistics, given below, indicate the salient characterestics that point toward its preeminent status among all ethnic communities in the USA. Besides, these statistics showcase a commercial landscape that show us vibrant, growing, and robust.

• Total population of South Asians over 3.5 million; out of this Asian-Indians - the biggest chunk - are estimated at about 2.2 million;
• Approximately 1/3rd South Asians reside in the NY/NJ/CT tri-state are;
• Highest per capita income; combined household income of Asian Indians is in excess of $88 billion;
• highest per capital among ethnic groups;
• 1 out of every 10 Asian-Indians is a millionaire.

House Hold Income In Dollars

Like any other immigrant community South-Asians tend to concentrate in pockets in certain areas. This makes it easier to target the community. The top cities that are South-Asian population intensive:

• New York, NY/New Jersey, NJ
• San Francisco/Oakland/San Jose, CA
• Los Angeles, CA
• Houston/Dallas/Austin, TX
• Chicago, IL
• Virginia, VA/Baltimore, MD

[^_^ 5,021]

I think this is from 1997..

The South Asian Community is a wealthy, educated, and progressive, ethnic group. Recent statistics, given below, indicate the salient characterestics that point toward its preeminent status among all ethnic communities in the USA. Besides, these statistics showcase a commercial landscape that show us vibrant, growing, and robust.

• Total population of South Asians over 3.5 million; out of this Asian-Indians - the biggest chunk - are estimated at about 2.2 million;
• Approximately 1/3rd South Asians reside in the NY/NJ/CT tri-state are;
• Highest per capita income; combined household income of Asian Indians is in excess of $88 billion;
• highest per capital among ethnic groups;
• 1 out of every 10 Asian-Indians is a millionaire.

House Hold Income In Dollars

Like any other immigrant community South-Asians tend to concentrate in pockets in certain areas. This makes it easier to target the community. The top cities that are South-Asian population intensive:

• New York, NY/New Jersey, NJ
• San Francisco/Oakland/San Jose, CA
• Los Angeles, CA
• Houston/Dallas/Austin, TX
• Chicago, IL
• Virginia, VA/Baltimore, MD

Hell yes. We reppin' Middlesex County till we die (or move)!

[slim 1,525]

You've got to laugh a little at this chart....How is that even possible...Net worth of a household at $6,000...

How is it possible?

A 22-year-old non-working mother with three kids that lives in an apartment paid for by tax dollars is on one side of the spectrum and a family of two upper middle class, college educated, working professionals with one kid is on the other. Average them out, and you get $6,000.