Amidst all the information available in this regard this is the most important.
Whites are simple older than blacks. Wealth accumulation takes time. The average white family has been at it much longer than the much younger black family. Of course, there are other reasons for this disparity but 'time in service' is certainly the most important one.
The most common age was 11 for Hispanics, 27 for blacks and 29 for Asians as of last July. Multiracial Americans were by far the youngest racial or ethnic group.
www.pewresearch.org
The super-liberal Senator Moynihan
(1965) THE MOYNIHAN REPORT: THE NEGRO FAMILY, THE CASE FOR NATIONAL ACTION
Same thing in 2016
In a November 15, 2014 article in the New York Times (“When Whites Just Don’t Get It, Part 4“) op-ed columnist Nicholas Kristof wrote that (emphasis added): … the presumption on the part of so many well-meaning white Americans [is] that racism is a historical artifact. They don’t appreciate the...
www.aei.org
Despite the grand myth that black economic progress began or accelerated with the passage of the civil rights laws and “war on poverty” programs of the 1960s, the cold fact is that the poverty rate among blacks fell from 87 percent in 1940 to 47 percent by 1960. This was before any of those programs began.
Over the next 20 years, the poverty rate among blacks fell another 18 percentage points, compared to the 40-point drop in the previous 20 years. This was the continuation of a previous economic trend, at a slower rate of progress, not the economic grand deliverance proclaimed by liberals and self-serving black “leaders.”
…..
Nearly a hundred years of the supposed “legacy of slavery” found most black children [78%] being raised in two-parent families in 1960. But thirty years after the liberal welfare state found the great majority of black children being raised by a single parent [66%].
=====================
The Biden program is again CRUSHING Black families.
Here is a Black activist against poverty
Star Parker | Democrats spend low-income Americans into poverty
Economists were widely reporting that the Biden administration was spend- ing too much money and that this profligate spending was being enabled by the Federal Reserve. but Biden spent even more.
And Biden's insane push for Black abortion is destroyng the family
The prevalence of abortion facilities
within minority communities serves as a major contributor to the rate in which black women obtain abortions. Accordingly, black women are 5 timesmore likely to have an abortion than white women.
y in regards to thepolitical and social ramifications of abortion on AfricanAmerican society: “Since the number of current living blacks(in the U.S.) is 31 million, the missing 10 million representsan enormous loss for, without abortion, America’s blackcommunity would now number 41 million persons. It wouldbe 35 percent larger than it is currently. Abortion has sweptthrough the black community cutting down every fourthmember.
CONGRESSIONAL TESTIMONY