Wealth Gap Between Minorities and White Americans Doubles After Housing Crisis, Recession

A new study of U.S. census data reveals that wealth gaps between whites and minorities in the United States have grown to their widest levels in decades. Once again, an ongoing problem that has been consistently ignored comes back to haunt us. We cannot expect real progress to ever occur through band-aide legislation that does nothing but suppress the problems. Rather, we need to honestly face the roots of aged old thinking, and truly work towards healing.

Below is a link to an interview from Democracy Now about this recent revelation. It’s not a great interview, but relevant enough to inspire further investigation. A great book addressing this issue is The Color of Wealth: The Story Behind the US Wealth Divide by Meizhu Lui.   

www.democracynow.org/2011/7/28/wealth_gap_between_minorities_and_white

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