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Work in Progress: Wealth Disparities Photo Essay

60612  Median Household Income: $25,143  % Individuals Below Poverty Level:  36.2%

60612

Median Household Income: $25,143

% Individuals Below Poverty Level:  36.2%

60402  Median Household Income: $43,833  % Individuals Below Poverty Level:  7.44%

60402

Median Household Income: $43,833

% Individuals Below Poverty Level:  7.44%

60305  Median Household Income: $89,284  % Individuals Below Poverty Level:  2.7%

60305

Median Household Income: $89,284

% Individuals Below Poverty Level:  2.7%

Wealth disparities for middle-income blacks and Hispanics have worsened over the past three decades relative to white families, largely because of a lower likelihood of owning homes and retirement accounts, according to the Urban Institute.

New research from the Washington, D.C.-based nonprofit points to an extraordinary wealth inequality between the races.

Whites on average had six times the net worth of blacks and Hispanics in 2010, or $6 for every $1 (an average of $632,000 vs. $103,000). Comparing the median that year, whites actually had eight times as much wealth.


Posted: 05/19/2013


Past Work: Protests & Demonstations