Black Men vs. White Men wealth and income disparity

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Black Males White Males

Scribe: Lucy Osbourne

Email: lucy@thethinkering.com

 

 

A recent Harvard study outlined the income disparity between Black Americans ans whites. The study suggest even born in wealthy households Black children are still likely to become poor as adults.

The study’s focus was driven by differences in men’s outcomes. “Black and white men have very different outcomes even if they grow up in two-parent families with comparable incomes, education and wealth. In our most recent study, we analyze racial differences in economic opportunity using data on 20 million children and their parents. We show black children have much lower rates of upward mobility and higher rates of downward mobility than white children, leading to black-white income disparities that persist across generations. While Hispanic and black Americans presently have comparable incomes, the incomes of Hispanic Americans are increasing steadily across generations.”

The project also suggest the economic part of the American dream is fading. It shows that children’s prospects of earning more than their parents have fallen from 90% to 50% over the past fifty years.   

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