Racial wealth gap widened between 2016-2022, federal reserve study finds

Out of control inflation caused by 0% interest rates and govt money machine disproportionately hurts poor people? No way!

time to blame white people again

The policies that blacks overwhelmingly vote for absolutely crushes them.

It's not really a secret that poor people in America in 2024 are poor because of bad decisions. Decisions that they know are bad yet do it anyway.

You couple that with increasing welfare after the pandemic and its a recipe for disaster

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Is anyone seriously going to argue that systemic racism against blacks got worse between 2016 and 2022?

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Yes. They absolutely will.

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Black families saw gains in median inflation-adjusted wealth starting in 2016 and continuing through 2022, but the median wealth gap with white families grew.

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Damn. What a shame. Maybe black families can invest in themselves, go to college, work hard, and start building wealth with their degrees and careers. Not women's studies or african american studies but Math, Accounting, Finance, Law, Engineering, and Computer Science degrees.

What do I know as a brown immigrant Latino tho

Too Black to Fail

6 years is an interesting sample size.

I'd be really curious to see what the 4 year splits were from 16-20, and 20-24 (I'd accept through 22 expecting that this is the last data available).

Usually people look at 5 year splits, or 4 year administration terms....but 6 seems odd.

Could be just me.

could be that 4 year or 5 year splits didn't give whoever looked at the data the results they wanted?

Just interesting.

Yeah, it pays to pay attention in school and learn to read. Shocking, I tell you. Shocking

Keepin' em on the teet. Gotta save em from whitey.