Study: Average White Familes $95K Richer than Blacks

On the surface it looks like so much has changed economically for African-Americans: More of us are college grads, homeowners and investors. It seems like we're living the American dream. And yet, quietly bubbling under is the continual growth of an astounding wealth gap between Blacks and Whites, according to a new study from Brandeis University's Institute on Assets and Social Policy... Here's what you had to say: LB commented: "Black college grads graduate with the same debt yet are half as likely to get and keep a job and when they do have one, they make 30-50% less than Whites. So the cards are stacked against us to begin with." Theresa K wrote: "One of the biggest reason that Blacks don't accumulate wealth as much as Whites is because of our spending habits."
Read More