A report released today by the Pew Research Center shows clearly what black people America already know: the inequality gap between black and white families has widened dramatically since The Great Recession of the late 2000s.
The wealth of white households was 13 times the median wealth of black households in 2013, compared with eight times the wealth in 2010, according to a new Pew Research Center analysis of data from the Federal Reserve's Survey of Consumer Finances. Likewise, the wealth of white households is now more than 10 times the wealth of Hispanic households, compared with nine times the wealth in 2010.
The current gap between blacks and whites has reached its highest point since 1989, when whites had 17 times the wealth of black households. The current white-to-Hispanic wealth ratio has reached a level not seen since 2001.
"Wealth inequality has widened along racial, ethnic lines since end of Great Recession" [Pew Research Center"