The Common Good

Wealth Gap Among Races Widened Since Recession

Annie Lowrey reporter for the New York Times, writes about a new study released by the Urban Institute. The study found:

"The racial wealth gap yawned during the recession, even as the income gap between white Americans and nonwhite Americans remained stable. As of 2010, white families, on average, earned about $2 for every $1 that black and Hispanic families earned, a ratio that has remained roughly constant for the last 30 years."

However the wealth gap continues to grow.

"Before the recession, non-Hispanic white families, on average, were about four times as wealthy as nonwhite families, according to the Urban Institute’s analysis of Federal Reserve data. By 2010, whites were about six times as wealthy"

Read more here.