Race Forward: The Wealth Gap

Comments on video found HERE

Did you know that in 2010 Black Americans made up 13% of the population but had only 2.7% of the country’s wealth?

Did you know that there is no way to accurately make such a statement or that the term “Black Americans” is an imaginary social construct?

That the median net worth for a white family was $134,000, but the median net worth for a Hispanic family was $14,000, and for a Black family it was $11,000?

Did you know that this is based on a SURVEY which sampled 6,026 families?

Even assuming that each family (liberally) represents 5 individuals, that amounts to (6,026 x 5) / 316.5 million or < 0.01% of the US population.

That the median wealth for a single white woman has been measured at $41,000, while for Hispanic women it was $140, and for Black women, $120?  Did you know that?

Did you know that this is based on a SURVEY and not a MEASUREMENT of 4,421 families who volunteer information?

Did you know that the actual numbers reported are $100 for single, ‘black’ women without vehicles and $120 for single ‘Hispanic’ women without vehicles? The numbers are $5,000 for single, ‘black’ women with vehicles and $2,680 for single ‘Hispanic’ women with vehicles? Did you know that this is household data so children factor into the equation?

Do you know what that’s called? Systemic Racism, and yes, it’s really a thing.

Did you know that systematic sloppy logic and statistics should not be blamed on systematic racism?

Read a different view on US Afropean poverty

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