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Wealth

Black Community

Subject: 
US History
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economics
Socioeconomics
Development
sociology
Distribution of wealth
Economic inequality
Income distribution
Wealth
Poverty
Civil Rights Act
White privilege
Racial inequality in the United States
Social Issues

Employment is a major contributor to wealth accumulation. ?We?ve seen a game change in blacks getting white collar jobs,? says Tom Shapiro, director of the Institute on Assets and Social Policy at the Heller School at Brandeis University. ?The African-American middle class is no longer coming out of a service industry serving only the black community,? he says. These advancements are underplayed. However, the wealth gap between whites and African-Americans has tripled since 1984. Shapiro?s research estimates the wealth gap for median white households compared to black households grew from $85,000 in 1984 to $236,500 in 2009.

Simple Math

Subject: 
Economics
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Economic inequality
economics
Socioeconomics
Income distribution
Index numbers
Welfare economics
Income in the United States
Distribution of wealth
Wealth
Great Compression
Wealth inequality in the United States

There is a class war going on in this country. And my class is winning"?Warren Buffet???There is one meta fact about wealth and inequality in this country that trumps all others- this is a very, very, rich country. If there were a UN sponsored Olympics for the worlds riches we would be the silver medal winners in per capita wealth among developed countries, second only to the Swiss who have cornered the gold (literally and figuratively) with their secret banking billions.??Just how rich are we? With just 5% of the world?s population we own just shy of one third of all the wealth in the world- 32.6%. That?s $201,319 for every adult American.
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