Economy

Report: Income Gap Between Whites And Blacks Widest Since The 1990s

CREDIT:

Income inequality in the U.S. is at its worst level since the Great Depression, and the income gap between white and inner-city blacks is hitting a new high. According to new data from the Census Bureau, “the typical white person last year earned income roughly 1.7 times higher than that of blacks, the widest ratio since the 1990s.” Low-income African Americans are also worse off, with the percentage of black households earning less that $15,000 a year growing from 20 percent to 26 percent over the past decade. African-Americans making $200,000 or more stayed the same over the decade, holding at about 1.1 percent.