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Studying income inequality in the US by gender and age group while completely ignoring race feels wrong when it's such an impactful variable, especially conside

by sbagel 5y ago

Studying income inequality in the US by gender and age group while completely ignoring race feels wrong when it's such an impactful variable, especially considering it's getting worse over time. In 2016, the median net worth of non-Hispanic White households was $143,600. The median net worth of Black households was $12,920. Between 1983 and 2013, White households saw their wealth increased by 14%. But during the same period, Black household wealth declined 75%. Median Hispanic household wealth declined 50%. https://inequality.org/facts/racial-inequality/#racial-income-inequality https://inequality.org/facts/racial-inequality/#racial-incom... https://www.federalreserve.gov/econres/notes/feds-notes/disparities-in-wealth-by-race-and-ethnicity-in-the-2019-survey-of-consumer-finances-20200928.htm https://www.federalreserve.gov/econres/notes/feds-notes/disp...

dfilppi 5y ago
You switched from income to wealth
temp8964 5y ago
There is a huge age gap between Whites and other race / ethnicity groups. https://www.pewresearch.org/fact-tank/2019/07/30/most-common-age-among-us-racial-ethnic-groups/ https://www.pewresearch.org/fact-tank/2019/07/30/most-common... It has huge impact on both income and wealth.
CincinnatiMan 5y ago
In regards to the Federal Reserve page, it seems disingenuous to lump so many different people into “Other.” Even if there’s no mal-intent, it seems it could cause one to wonder if there’s a motive behind doing so.
tastyfreeze 5y ago
Focusing on race income inequality perpetuates the division of society by race. There are wealthy families and poor families of every race. Focusing on race as the reason for income disparity is detrimental to the success of the whole. When race is marked as the reason for income inequality we get programs targeted at a specific race. It encourages building "institutional racism".

by sbagel 5y ago

dfilppi 5y ago

You switched from income to wealth

temp8964 5y ago

There is a huge age gap between Whites and other race / ethnicity groups. https://www.pewresearch.org/fact-tank/2019/07/30/most-common-age-among-us-racial-ethnic-groups/ https://www.pewresearch.org/fact-tank/2019/07/30/most-common... It has huge impact on both income and wealth.

CincinnatiMan 5y ago

In regards to the Federal Reserve page, it seems disingenuous to lump so many different people into “Other.” Even if there’s no mal-intent, it seems it could cause one to wonder if there’s a motive behind doing so.

tastyfreeze 5y ago

Focusing on race income inequality perpetuates the division of society by race. There are wealthy families and poor families of every race. Focusing on race as the reason for income disparity is detrimental to the success of the whole. When race is marked as the reason for income inequality we get programs targeted at a specific race. It encourages building "institutional racism".