Brandeis University study finds startling racial wealth gap
The Institute on Assets and Social Policy at Brandeis University just released a new study revealing startling information about the spread between black and white families when it comes to wealth. According to the study, the wealth gap between white and black American families has increased four fold since 1974. Over a 23-year period, the authors of the study found that the wealth gap rose from $20,000 to $95,000. They define wealth as the dollar value of your assets minus your debts.
Thomas M. Shapiro, Tatjana Meschede, and Laura Sullivan worked on the study and found other results that were equally revealing.
Click here to find out what they are and to read the entire article.