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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.
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.
Wage gaps for minorities are also founded in history. Prejudice against women in high-paid jobs has been carried through generations with women frequently given the domestic worker role that history and tradition have given them. In 2011, a study was conducted by the CMI that predicts that the gender pay gap will not be closed until 2109. [10]
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.
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 ...
"Mixed race" (in combination with other races) and multi-ethnic categories are not listed separately. For Per Capita Income (per person income) by Race and Ethnicity go to List of ethnic groups in the United States by per capita income. Household income refers to the total gross income received by all members of a household within a 12-month ...
Other factors include the education gap, capital access gap, personal finances gap and housing gap. While the wealth gap Black women currently face is daunting, there are steps that can be taken ...
In addition to the gender pay gap, a "family gap" also exists, wherein women with children receive about 10-15% less pay when compared to women without children. [ 46 ] [ 76 ] According to Jane Waldfogel, professor of social work and public affairs at Columbia University , this family gap is a contributing factor to the United States' large ...