The wealth gap between white and African-American families increased more than four times between 1984-2007, and middle-income white households now own far more wealth than high-income African Americans, according to an analysis by the Institute on Assets and Social Policy (IASP) at Brandeis University.
"Our study shows a broken chain of achievement. Even when African Americans do everything right -- get an education and work hard at well-paying jobs -- they cannot achieve the wealth of their white peers in the workforce, and that translates into very different life chances," said Thomas Shapiro, IASP director and co-author of the research brief.
Read the entire story here: http://www.sciencedaily.com/releases/2010/05/100517070105.htm
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