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more of this? New Census Data Show NO Progress in Closing Stubborn Racial Income Gaps
Posted September 16, 2015
New Census Data Show No Progress in Closing Stubborn Racial Income Gaps
Today’s Census Bureau report on income, poverty and health insurance coverage in 2014 shows that with the exception of non-Hispanic white households, median household incomes were not statistically different from 2013.
Measured incomes .......declined for African-American (-$497, 1.4 percent) and non-Hispanic white households (-$1,048, 1.7 percent).
As a result, no progress was made in closing the black-white income gap between 2013 and 2014—the median black household has just 59 cents for every dollar of white median household income.
The Hispanic-white income gap narrowed from 66 to 71 cents on the dollar.
Weak income growth between 2013 and 2014 also leaves real median household incomes for all groups well below their 2007 levels.
Between 2007 and 2014, median household incomes declined by 10.5 percent (-$4,137) for African Americans, 0.7 percent (-$294) for Latinos, 7.2 percent (-$4,662) for whites, and 8.8 percent (-$7,158) for Asians.
Asian households continue to have the highest median income in spite of large income losses in the wake of the recession.
Measured incomes .......declined for African-American (-$497, 1.4 percent) and non-Hispanic white households (-$1,048, 1.7 percent).
As a result, no progress was made in closing the black-white income gap between 2013 and 2014—the median black household has just 59 cents for every dollar of white median household income.
The Hispanic-white income gap narrowed from 66 to 71 cents on the dollar.
Weak income growth between 2013 and 2014 also leaves real median household incomes for all groups well below their 2007 levels.
Between 2007 and 2014, median household incomes declined by 10.5 percent (-$4,137) for African Americans, 0.7 percent (-$294) for Latinos, 7.2 percent (-$4,662) for whites, and 8.8 percent (-$7,158) for Asians.
Asian households continue to have the highest median income in spite of large income losses in the wake of the recession.
http://www.epi.org/blog/new-census-data-show-no-progress-in-closing-stubborn-racial-income-gaps/
