Rex Kerr
1 min readSep 13, 2021

--

Something slipped through quality checking here.

The numbers you cite for median income then and now are actually median income vs median wealth. (Also, you got the years backwards--the wealth data is from 2013, the income from 2016/2017.)

To find median income by race, you can find sources like https://www.pewresearch.org/social-trends/2016/06/27/1-demographic-trends-and-economic-well-being/ for a long time base; 2019 numbers are slightly worse than in 2014 (see https://www.statista.com/statistics/233324/median-household-income-in-the-united-states-by-race-or-ethnic-group/).

The difference worsened from black households earning 62.1% of what whites did in 2014, to 59.7% in 2019.

The wealth gap improved, however, from blacks owning 7.8% of what whites did in 2014 to 12.8% in 2019. (It is still shockingly bad! Numbers for 2014 from my first link, for 2019 see https://www.federalreserve.gov/econres/notes/feds-notes/disparities-in-wealth-by-race-and-ethnicity-in-the-2019-survey-of-consumer-finances-20200928.htm)

--

--

Rex Kerr
Rex Kerr

Written by Rex Kerr

One who rejoices when everything is made as simple as possible, but no simpler. Sayer of things that may be wrong, but not so bad that they're not even wrong.

No responses yet