Archive for July, 2010

The U.S. Black/White Net-Worth Gap (E8)

July 18th, 2010

This essay presents little-known, recently uncovered facts about the U.S. Black/White net-worth gap: It has been worsening at an accelerating rate for four decades. It is unrelated to income, lack of generational nest egg, overall inequality, depreciating homes, or single families. It is related to higher interest rates (which are caused by loan higher default rates). It may possibly be related to supporting poor relatives or to some aspect of oppositional culture.