Do you have a retirement account? Do you invest in your 401k and IRA?
Are you still trying to argue that income is wealth...
Here is some more stats for you Black liberals that like to believe that yall are middle class and upper middle class and shyt....
White families have nearly 10 times the net worth of black families. And the gap is growing.
Fed economists offer other potential reasons for the racial wealth gap: white households are older, more highly educated, more likely to have received an inheritance, and are less likely to be headed by a single parent than their black and Hispanic counterparts.
But even among families headed by someone with a college degree, median net worth for white families is substantially higher at $397,100 — compared with well below $100,000 for black and Hispanic families.
“In dollar terms, blacks and Hispanics are continuing to fall further behind,” said Caroline Ratcliffe, a senior fellow at the Urban Institute who focuses on asset and wealth building.
But hey even though yall don't have the wealth of cacs...at least both believe that things are getting better for Black people...
White people are really confident that things are getting better for black people
Americans, especially wealthy whites, vastly overestimate progress toward racial economic equality despite evidence of persistent gaps between black and white workers when it comes to hourly wages, annual income and household wealth, according to a new paper by Yale University researchers published Monday.
The study’s results are especially stunning in the wake of census data released last week that showed that African Americans were the only racial group still making less than they did in 2000.
The average black household made 60 percent of what white households made in 2016 and less than half of what Asians made, according to census data. For every $100 of wealth accumulated by a white family, a black family has little more than $5 -- a gap just as wide as it was 50 years ago, according to federal statistics cited by the Yale researchers.
Yet both black and white Americans of all income levels remain profoundly unaware of the economic inequality between the two groups, said the study published in the Proceedings of the National Academy of Sciences. The misperceptions could negatively affect public policy as the country grows more diverse, researchers said, with politicians championing misguided legislation rooted in false impressions.
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You know maybe Diddy, Jay Z, Oprah, Dr.Dre and Lebron can fix the Black economy...I mean like they got like less than the quarter networth of Bill Gates...but they rich though...and we need rich Black people...
They can get that middle class going....
