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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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  •  That is true enough. However we are looking at (0+ / 0-)

    median wealth, not average wealth. The median wealth would not be skewed too much by the top 0.5% living on investments.

    I think we also need to look at inheritance. Maybe white people simpy inherit substantially more from their parents/ grandparents etc. A lot of middle class whites do inherit substantial amounts from their parents. Whereas most middle class blacks are in fact the first in their family to even be in the middle class.

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