Americans underestimate the wealth gap between white and Black people - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Americans grossly underestimate the racial wealth gap between Black and white families — and it's making it harder to achieve financial equality

Americans also believe that the wealth gap is closing, the national survey found. When in fact, it's gotten bigger over time.

"In fact, the wealth gap has gotten larger since 1963, the earliest time point we used. The result is that people are overestimating equality in 1963 by 40 percentage points. At the most recent time point, 2016, the estimates are off now by 80 percentage points," Kraus told the Yale University's academicWhy do people underestimate the racial wealth gap? Kraus and his research team are focusing on that question next.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside Proper Gnar, the First Black Woman-Owned, Beyoncé-Approved Skateboard Company'Skateboarders, they're always so accepting of different people. It also gives you time to be on your own. You can go skating and it's just you, your board, and your thoughts.' propergnar propergnar tonyhawk 4 U
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »

Inside Proper Gnar, the First Black Woman-Owned, Beyoncé-Approved Skateboard Company'Skateboarders, they're always so accepting of different people. It also gives you time to be on your own. You can go skating and it's just you, your board, and your thoughts.' propergnar
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »

White House coronavirus testing czar says it's time to 'move on' from hydroxychloroquine - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I hope we do move on! This whole discourse has been a nightmare for those of us who rely on hydroxychloroquine daily to manage our debilitating autoimmune diseases. We’ve been dealing with shortages for months: Very reminiscent of the Soviet Union and the Nazi regime. What the powerful want to be true is what’s true. The incredibly expensive drug works. The very cheap one doesn’t. Epstein hung himself. The election was stolen from Hillary. Social distancing saves lives... But will the hydroxychloroqueen move on?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Tennessee pastor tests positive for COVID-19 after White House meeting - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Absolutely nothing can happen in one weeks time Tell that to Herman Cain
Source: BusinessInsider - 🏆 729. / 51 Read more »