Thursday, October 20, 2016
Black/White Wealth Gap Remains in Spite of Black Celebrities
In a great article posted on Inequality.Org, Antonio Moore writes that the small number of wealthy, highly-visible Black celebrities serves to hide the huge racial wealth gap in the US between Blacks and Whites. Black sport figures and celebrities are about 5% of the top 0.1% of earners in the US. Yet their constant media presence deludes both Blacks and Whites about the lack of Black wealth.
The story, called: "Black Wealth in America Hardly Exists", discusses the real lack of progress in closing the Black/White difference in wealth.
The Institute for Policy Studies has found that it would take about 228 years to close the racial wealth gap in a previous study. The report is called "The Ever Growing Gap"
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