The median wealth of white households was 13 times the wealth of black households and 10 times that of Hispanic households in 2013, compared with eight and nine times, respectively, in 2010.
The nation’s aggregate wealth continues to show signs of recovery, but that wealth recovery has been concentrated on the wealthiest Americans. Meanwhile, the aggregate net worth for America’s economic middle is actually declining.
A few critics have portrayed our report as an effort to foment a “generational war” over Social Security and Medicare. Let me respond.
Today about as many Americans identify themselves as lower or lower-middle class (40%) as say they are in the middle class (44%).
Until the housing market and home equity levels fully recover, the typical American household still has a ways to go.
Although household-income growth for African-Americans has outpaced that of whites since the 1960s, those gains haven't led to any narrowing of the wealth gap between the races.
Despite large and persistent gaps between blacks and whites on virtually every indicator of economic well-being, about half of all whites say the average black person is about as well off financially or doing better than the average white person, according to a survey released last week by the Pew Research Center.
If you've ever woken up wondering "Is Bill Gates or Carlos Slim the world's richest person today?", Bloomberg's new visualization of data on the 100 richest billionaires is for you.
A majority of Advanced Placement and National Writing Project teachers say digital tools encourage students to be more invested in their writing and make teaching writing easier, but also worry that they are having some undesirable effects.
While the stock market has been surging, there is a big gap who who benefits that has implications for the strength of the economic recovery.