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400 Richest Americans Have More Wealth than black or Hispanic people

09 Dec

Extreme income inequality…

America’s 100 Richest People Control More Wealth Than the Entire Black Population

It’s well known that America’s wealthiest have been getting richer at the expense of the middle class. But the trend looks even starker when you look at the racial aspects. According to a new report from the Institute for Policy Studies, the combined wealth of those on the Forbes 400 list of America’s richest dwarfs that of the nation’s entire black or Latino populations.

The report found that the 100 richest US citizens control about as much wealth as all of the nation’s 42 million African Americans. The total wealth of the nation’s 55 million Latinos stacks up to that of the 186 richest Americans.

 
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Posted by on December 9, 2015 in American Greed, The New Jim Crow

 

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