Income Gap For Minorities

In a study called state of communities of color in the u s.

Income gap for minorities. Low income families with an employed adult in 2013 racial ethnic minorities constitute 58 percent despite only making up 40 percent of all working families nationwide. The racial wealth gap in the united states is the disparity in median wealth between the different races. The median wealth of middle income families increased from 102 000 in 1983 to. The period from 1983 to 2001 was relatively prosperous for families in all income tiers but one of rising inequality.

The racial wealth gap that existed before the economic downturn only widened. The uncontrolled racial wage gap does not hold employment characteristics such as job title or years experience equal when assessing income by race. The researchers found that the racial wealth gap applies even to the country s wealthiest families. The study found that blacks and latinos brought in on average 674 and 549 respectively per week.

This was found to be the result of economic growth being spatially unbalanced. This gap is most pronounced between white households and racial minorities. They found that although average income per capita among minorities increased between the two years the minority majority income gap also increased. The wealth gap among upper income families and middle and lower income families is sharper than the income gap and is growing more rapidly.

The controlled gender pay gap which controls for job title years of experience industry location and other compensable factors has also decreased but only by 0 01 since 2015. It simply compares the median income for each. Whites have more wealth than black latino and native american households. Among the 10 6 million u s.

Of 19 provinces for 1988 and 1995. Economy the center for american progress cap pinpointed just how much minority employees suffered during the recession. The economic gap between non hispanic white and all minority working families is now 25 percentage points. While the income gap between blacks and whites closed somewhat from 1970 to 2016 hispanics fell even further behind at all income levels.

Updated october 20 2020.