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View Diary: Wealth gap along racial lines worst in quarter-century since Census began collecting data (72 comments)

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  •  It's not going to look equal, but the first thing (1+ / 0-)
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    blue aardvark

    I thought when I heard this on the radio is that 113K number for whites is an overall average.

    A normalized average would be much more useful for comparison. In other words, outside of the top 2-5% of income level, how do the numbers compare?

    Non-whites making less than 66 % of the mean overall income for all incomes are going to look closer in income to whites. There will still be a disturbing difference, but nothing like the graphs shown above.

    •  actually, it was medians I think (2+ / 0-)
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      blue aardvark, zapus

      which is to say that 50% of whites have mroe, 50% have less.

      Also in that study, 1/3 of all blacks and latinos have zero or negative net worth...

      but I think this impulse to look more deeply at the numbers is important.

      Intelligent, passionate, perceptive people will always disagree, but we should not let that disagreement, however heartfelt, lead us to become deaf to those better angels of our nature.

      by Mindful Nature on Tue Jul 26, 2011 at 10:25:47 PM PDT

      [ Parent ]

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