“Economic status and race have long been intertwined in the United States, to the point where it’s hard to talk about one without considering the other. Blacks are much more likely than whites in America to live in poverty (and to experience a concentrated form of it). And a yawning income gap persists between blacks and whites that has changed little in decades.
New poverty and income data from the Current Population Survey, part of a major annual release by the Census Bureau on Wednesday, reveals how stratified by race that economic life in America remains.
Nationwide, median household incomes haven’t budged in three years, according to this federal data. That means there’s also been no progress on narrowing racial income gaps” said washingtonpost.com
“In fact, the gap between blacks and whites is just a little bit wider today (by about $2,000 in 2014 dollars) than it was in 1973.
Racial gaps in the poverty rate have narrowed over this same time, but the Great Recession has reversed some major gains from the 1990s. As of 2014, one in 10 whites was living below the poverty line. The same was true of more than one in four blacks” said washingtonpost.com