- Mar 11, 2015
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True equality in the American capitalist system means all races must have control of capital equal to their proportion of the population. Blacks are thirteen percent of the American people but have 4.2 percent of the wealth. Hispanics have 3.1. Whites are 60 percent of the population but havee 86 percent of the wealth. That leaves 14 percent for blacks, Hispanics, Native Americans, Asians and Pacific Islanderrs. So when you take into acccount the 7.3 percent of the wealth between blacks and Hispanics, Native Americans, Asians and Pacific Islanders have 6.7 percent of the wealth. So that kills the model minority myth.
Who owns wealth in the United States?
According to data from the Federal Reserve, in 1990, white households owned 90.7% of household wealth in the United States, whereas Black households owned 3.8% and Hispanic households owned 2.1%. These numbers have changed little over the past 30 years, with white households now owning 85.5% of wealth in 2019, and Black households owning 4.2% and Hispanic households owning 3.1%. Most of the white wealth decline is due to other racial groups attaining a share wealth.
Blacks are 13 percent of the population, so we should have 13 percent of the wealth. We would have that if not for things that were done.
Who owns wealth in the United States?
According to data from the Federal Reserve, in 1990, white households owned 90.7% of household wealth in the United States, whereas Black households owned 3.8% and Hispanic households owned 2.1%. These numbers have changed little over the past 30 years, with white households now owning 85.5% of wealth in 2019, and Black households owning 4.2% and Hispanic households owning 3.1%. Most of the white wealth decline is due to other racial groups attaining a share wealth.
White people own 86% of wealth and make up 60% of the population
White wealth is diversified among real estate, equities, and other assets, whereas non-white wealth is mostly in pensions and real estate.
usafacts.org
The Fed - Table: Distribution of Household Wealth in the U.S. since 1989
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
Blacks are 13 percent of the population, so we should have 13 percent of the wealth. We would have that if not for things that were done.