For every dollar owned by the median white family in the United States, the typical Latino family has twelve cents, and the typical African American family has a dime.
Now that puts things in perspective, doesn't it.
Quoted by Ludovic Blain in Laying the Foundation for National Prosperity: The Imperative of Closing the Racial Wealth Gap from the Federal Reserve Board, 2007 Survey of Consumer Finances, "Full Public Data Set" (Washington: The Federal Reserve Board, 2009), http://www.federalreserve.gov/pubs/oss/oss2/2007/scf2007data.html (accessed March 4, 2009).
Harsh!
ReplyDeleteI followed the link and read the whole report this comes from, and I highly recommend it. We need to keep reinforcing the message that we can't expect our society as a whole to thrive until every individual is valued on an equal footing. This pragmatic approach converts even those who don't care about social justice in and of itself.
ReplyDelete