A new PEW report indicates that the median net worth of whites is 20 times higher than that of blacks and 18 times higher than that of Hispanics. Pew researchers analyzing census data say that disparity has reached a 25-year high. The data shows the recession has hit whites as well, but their net worth has not slipped as much as that of minorities. We discuss the findings and their potential impact.
Race and the Wealth Gap
A new PEW report indicates that the median net worth of whites is 20 times higher than that of blacks and 18 times higher than that of Hispanics. Pew researchers analyzing census data say that disparity has reached a 25-year high. The data shows the recession has hit whites as well, but their net worth has not slipped as much as that of minorities. We discuss the findings and their potential impact.
Guests:
Dowell Myers, director of Population Dynamics Research Group at USC School of Policy, Planning, and Development
Sandra Smith, associate professor of sociology at UC Berkeley
Rakesh Kochhar, senior researcher for Social and Demographic Trends, a project of the PEW Research Center