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The racial wealth gap could be reduced by 10% over three generations if Black households wrote wills at the same rate as white ones, according to a recent study.
A study by the Brandeis University Institute on Assets and Social Policy which followed the same sets of families for 25 years found that there are vast differences in wealth across racial groups in the United States. The wealth gap between Caucasian and African-American families studied nearly tripled, from $85,000 in 1984 to $236,500 in 2009.
White women working full time, year-round earned 80 percent as much as their male counterparts in 2022, similar to the overall gender pay gap. Asian women are the closest to reaching pay equality ...
Ethnic and racial groups also differ in rates of homeownership, residential segregation, overall wealth, exposure to crime and toxic pollutants, and in access to power in the upper reaches of our society". [6] Thus, the racial wage gap is just one aspect of inequality in the United States.
In the framework of American federalism, states generally have wide latitude to enact policies within their borders, including state taxation and labor laws.Among the factors that may increase inequality in a state are regressive state tax policies [2] (taxation has played a growing role in diminishing inequality since the 1980s), [3] tax incentives for large companies, [4] corruption, [5 ...
Story at a glance Most U.S. families got wealthier during the COVID-19 pandemic, according to a new Pew Research Center study released Monday. But wealth gaps existed and persist among different ...
Therefore, closing the pay gap by raising women's wages would have a stimulus effect that would grow the U.S. economy by at least 3% to 4%. [195] Women currently make up 70 percent of Medicaid recipients and 80 percent of welfare recipients, meaning their lower incomes make them more eligible for government and state funded programs.
The twin demons of the housing market crash and the Great Recession have created historic wealth gaps among ethnic and racial groups in America, according to new Pew Research analysis: The median ...