Socialtik Mag Contribution: Breaking the Color Barriers of Wealth

African American unemployment rates are at their highest since 1984, according to Christian Weller, senior fellow of the Center of American Progress.

Recent news on the wealth gap has brought to light the discrepancies between the complacent belief that minorities are progressing and the salaries and statistics that show otherwise. Currently the United States is experiencing the biggest wealth disparities by race in the last 25 years, as reported by the Census Bureau. The rich are getting richer and poor people are now broke. Interesting to see the Pew Research Center’s report “Wealth Gaps Rise to Record Highs Between Whites, Blacks, Hispanics” and note that the median wealth is 20 times greater than that of Blacks and 18 times that of Latinos. Makes you wonder what we are doing wrong.

Read full post here: http://www.socialtikmag.com/breaking-the-color-barriers-of-wealth/

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