New Report: Blacks are ‘Beyond Broke’

See on Scoop.itOUR COMMON GROUND News Board •● ☥●• The Third Eye Parenthesis

WASHINGTON (NNPA) – The growing racial wealth gap – $200 in median wealth for Blacks in 2011 and $23,000 for Whites – threatens national economic security in the United States, according to a recen…

OUR COMMON GROUND Omnibus‘s insight:

“Blacks are found to hold a mere $25 and Latinos just $100 in liquid wealth, compared to $3,000 held by the typical White household,” the report said.

 

During a press conference on the report on Capitol Hill, Rep. Keith Ellison (D-Minn.) said that the racial gap is not some product of changes in the economy.

“It’s our tax policy, designed to help the rich, It’s also our trade policy, off-shoring our jobs and it’s also the attack on unions,” said Ellison."

See on newpittsburghcourieronline.com

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