"Based on an analysis of the same 1,700 working households from 1984 to 2009, the study, The Roots of the Widening Racial Wealth Gap: Explaining the Black-White Economic Divide, found that for a typical family, a $1 increase in average income generated $5.19 in wealth for a white household but only $0.69 in additional wealth for an African-American household. The report also found that over the 25-year period, the median net worth of white households rose to $265,000, compared with just $28,500 for African-American households, resulting in the dramatic expansion of the wealth gap from $85,000 in 1984 to $236,500 in 2009 "
New Report Examines Racial Wealth Gap, Philanthropy News Digest
Read the 8 page PDF of The Roots of the Widening Racial Wealth Gap: Explaining the Black-White Economic Divide
Just your depressing statistic of the day. This is what institutional racism looks like.