Study: Recession Widened Racial Wealth Gap

[46Tbird]

White households had a median net worth of greater than $88,000 in 2002, 11 times more than Hispanics and more than 14 times that of blacks,

I gotta call bullshit .. the median net worth of a black household is EIGHT GRAND and it's lower than that for a Hispanic family? :rolleyes:

http://story.news.yahoo.com/news?tmpl=story&cid=519&ncid=519&e=8&u=/ap/20041018/ap_on_re_us/minorities_wealth_gap

[aggie97]

maybe they are basing worth on items that were actually purchased by the citizen...? ;)









More than likely, the numbers are fake as white people always think their shit is worth more than it really is and the poor folks are probably more realistic in what they report......if they report at all.... :confused:

[AL P]

You don't think they'd make a bunch of bullshit up do you?

[Denny]

I gotta call bullshit .. the median net worth of a black household is EIGHT GRAND and it's lower than that for a Hispanic family? :rolleyes:

Few weeks pay?

[TexasDevilDog]

1/14X net worth for blacks would be $6,285.

Well, who the hell is buying 5 pounds of gold jewelry for 10x the actual price of gold, 22" wheels and tires for their $2,000 sentra, $5,000 worth of hydraulic equipment to make their car bounce, $3,000 stereos for their cars.

Net worth is biased towards people that invest money and against those that consume and go into debt.