The typical net worth of a white household is $113,000 while the typical net worth for a black household is a paltry $5,600, not even the cost of a new car
A new study by the Pew Research Center shows that the wealth disparity between American citizens is not only growing wider, but is growing amongst racial lines. The divide between whites and blacks has grown rapidly over the past 25 years, augmented in part by the current recession, which has harmed minority communities more than whites.
The question to consider is whether these statistics are meaningful enough to warrant government intervention. Coupled with this growing economic divide is the fact that the rate of unemployment amongst blacks is double that of whites, begging the question; should we be concerned as a society? Are the implications of this growing economic crevasse between the races severe enough to warrant public solutions? Or should we simply look to the individuals and their economic decisions as the cause and ultimate answer to these economic woes?