Zone1 Wealth of Two Nations: The U.S. Racial Wealth Gap, 1860-2020

[IM2]

Now it's time to deconstruct this excuse primarily made by right wing whites, although a couple of so called liberals have made the same excuse.

"The dawn of emancipation in the United States saw 4 million former slaves, 90 percent of the Black American population, gain their freedom. But they did so in poverty, as Du Bois describes: A few years prior, they had been counted as wealth, earning and owning nothing in their own name.

After emancipation, proposals to provide former slaves with land so they could survive economically were largely defeated. Thus in 1870, the wealth gap between Black and White Americans was a staggering 23 to 1. That's equivalent to just $4 of wealth for Black Americans for every $100 for White Americans.

The mission of the Opportunity & Inclusive Growth Institute is to conduct and promote research that will increase economic opportunity and inclusive growth for all Americans and help the Federal Reserve achieve its maximum employment mandate. Connect with us to receive emails with Institute news, insights, and events.

Fast forward 150 years and that gap has narrowed to about 6 to 1—and yet, a significant gap remains: average per capita wealth of White Americans was $338,093 in 2019 but only $60,126 for Black Americans."

How the racial wealth gap has evolved—and why it persists | Federal Reserve Bank of Minneapolis

New dataset identifies the causes of today’s wealth gap

www.minneapolisfed.org

The black proportion of national wealth has remained basically the same since slavery. Whites on average are born into at least 6 times more wealth than blacks and they are born into what they did not personally produce. On the other hand, blacks are born into deficts they did not create. Since racism caused this, simply not talking about race or being "colorblind" is not going to cure this economic disparity.

 

[gipper]

You’d do so much better by discussing the wealth gap between poor and rich, rather than continually dividing us by race.

Do you work for the D Party or Wapo?

 

[IM2]

You’d do so much better by discussing the wealth gap between poor and rich, rather than continually dividing us by race.

Do you work for the D Party or Wapo?

"After emancipation, proposals to provide former slaves with land so they could survive economically were largely defeated. Thus in 1870, the wealth gap between Black and White Americans was a staggering 23 to 1. That's equivalent to just $4 of wealth for Black Americans for every $100 for White Americans.

Fast forward 150 years and that gap has narrowed to about 6 to 1—and yet, a significant gap remains: average per capita wealth of White Americans was $338,093 in 2019 but only $60,126 for Black Americans."

White supremacists need to shut up about this. Blacks are made poor because of race. Republicans want to keep it that way.

 

[Grumblenuts]

I've often heard that you Blacks multiply like rabbits. Also, that one drop of your blood produces Black offspring. If true, how can your percentage now be less than it was in 1860?

 

[IM2]

I've often heard that you Blacks multiply like rabbits. Also, that one drop of your blood produces Black offspring. If true, how can your percentage now be less than it was in 1860?

There are a lot of myths about us. We all can jump high and run fast too.

 

[Grumblenuts]

There are a lot of myths about us. We all can jump high and run fast too.

I've always figured the jumping one was true (in general).

 

[Lisa558]

"After emancipation, proposals to provide former slaves with land so they could survive economically were largely defeated. Thus in 1870, the wealth gap between Black and White Americans was a staggering 23 to 1. That's equivalent to just $4 of wealth for Black Americans for every $100 for White Americans.

Fast forward 150 years and that gap has narrowed to about 6 to 1—and yet, a significant gap remains: average per capita wealth of White Americans was $338,093 in 2019 but only $60,126 for Black Americans."

White supremacists need to shut up about this. Blacks are made poor because of race. Republicans want to keep it that way.

No. Blacks are kept poor because they keep having babies they can’t afford out of wedlock and drop out of school.

Just follow the example of Jews, arriving on these shores impoverished and uneducated, fleeing horrific antisemitism. Their children went from being raised in tenements to owning suburban homes within a space of 15 years:

1) Valued education strongly, making the sacrifices necessary to get a good one.

2) No children until married and could afford them,

 

[gipper]

"After emancipation, proposals to provide former slaves with land so they could survive economically were largely defeated. Thus in 1870, the wealth gap between Black and White Americans was a staggering 23 to 1. That's equivalent to just $4 of wealth for Black Americans for every $100 for White Americans.

Fast forward 150 years and that gap has narrowed to about 6 to 1—and yet, a significant gap remains: average per capita wealth of White Americans was $338,093 in 2019 but only $60,126 for Black Americans."

White supremacists need to shut up about this. Blacks are made poor because of race. Republicans want to keep it that way.

You fall into the trap set by the elite. We need to unite by class, not race. It’s us against the 1% oligarchs.

Pushing radical race hatred that you do everyday here only assists the elite in their efforts to divide us, while they continue to enrich and empower themselves.

 

[Anomalism]

At some point you have to stop blaming everyone else and take responsibility for your life. The only way for a black person to find success is to go out there and take it, same as the rest of us.

 

[Lisa558]

At some point you have to stop blaming everyone else and take responsibility for your life. The only way for a black person to find success is to go out there and take it, same as the rest of us.

That’s what mature adults do. This constant blaming other people for one’s failures, instead of taking the steps needed to create a good life, is as pitiful and irritating as hearing a 50-year-old blame his parents for his lack of success,

 

[Anomalism]

That’s what mature adults do. This constant blaming other people for one’s failures, instead of taking the steps needed to create a good life, is as pitiful and irritating as hearing a 50-year-old blame his parents for his lack of success,

People could build mountains out of the energy they use to bitch and complain.

 

[IM2]

You fall into the trap set by the elite. We need to unite by class, not race. It’s us against the 1% oligarchs.

Pushing radical race hatred that you do everyday here only assists the elite in their efforts to divide us, while they continue to enrich and empower themselves.

Wrong. The oligarchs used race to keep poor whites in check.

 

[Hector12]

The racial wealth gap is caused by the racial IQ gap. Nearly all Orientals and Jews were poor when they entered the United States. Now they tend to earn more than white Gentiles.

 

[IM2]

The racial wealth gap is caused by the racial IQ gap. Nearly all Orientals and Jews were poor when they entered the United States. Now they tend to earn more than white Gentiles.

No that's not the cause. Jews are white and most asians do not earn more than whites. Indians do, and that's due to the governments H1B Visa program.

Low IQ whites keep posting this idiocy. You are a dumb ass.

 

[Hector12]

No that's not the cause. Jews are white and most asians do not earn more than whites. Indians do, and that's due to the governments H1B Visa program.

Low IQ whites keep posting this idiocy. You are a dumb ass.

Average, Median, and Top 1% Income by Race and Hispanic Origin​

This table contains the average, median, and top 1% individual income for selected races and ethnicities. Country-wide, the average individual income was $66,755.25, the median income was $46,001.00, and the top 1% income was $401,622.00 in 2022.

Race/Ethnicity	Average Income	Median Income	Top 1% Income
White Non-Hispanic	$75,132.80	$52,011.00	$460,175.00
Black	$51,394.59	$38,800.00	$250,001.00
American Indian	$49,159.58	$35,000.00	$400,000.00
Asian	$83,154.31	$60,000.00	$461,750.00
Pacific Islander	$58,684.18	$42,800.00	$351,025.00
Two or More Races	$50,589.88	$35,101.00	$280,203.00
Hispanic or Latino of Any Race	$45,612.64	$34,153.00	$240,012.00

Income by Race: Average, Median, Top One Percent, and % (US)

See income by race, ethnicity, and Hispanic origin in America. See racial income disparity, median, average, top one percent, and brackets.

dqydj.com

 

[IM2]

Another stupid post. Just face the fact that IQ has nothing to do with this because IQ is not accurately measured by current forms of testing. So get that through your white racist head and stop repeating ---- that you're too much of a CUCK to say to any black persons face.

 

[Hector12]

Another stupid post. Just face the fact that IQ has nothing to do with this because IQ is not accurately measured by current forms of testing. So get that through your white racist head and stop repeating ---- that you're too much of a CUCK to say to any black persons face.

IQ has always been accurately measured. Negroes have always tended to get low scores. Those low scores explain and justify low incomes for Negroes.
Like JoeB131, you suggest that if a black man beat me up it would convince me that blacks are safe to be around.

When affirmative action in hiring decisions comes to an end, and as computer technology and automation eliminate jobs that can be learned by people of below average intelligence, black poverty will increase.

 

[Lisa558]

The racial wealth gap is caused by the racial IQ gap. Nearly all Orientals and Jews were poor when they entered the United States. Now they tend to earn more than white Gentiles.

Until blacks like IM2 admit that Jews achieved so much so quickly after arriving on these shores penniless and uneducated due to their good values and smart choices, they’ll never dig out of the bottom rung.

Proof: If Jews did so well because of “whiteness,” why have they done better than the whites on average?

 

[Hector12]

Until blacks like IM2 admit that Jews achieved so much so quickly after arriving on these shores penniless and uneducated due to their good values and smart choices, they’ll never dig out of the bottom rung.

Proof: If Jews did so well because of “whiteness,” why have they done better than the whites on average?

God gave his Chosen People high IQ averages.

 

[Lisa558]

God gave his Chosen People high IQ averages.

Well, I don’t like to use that phrase…..