From 2005 to 2009, the median net worth of Hispanic households dropped by 66 percent while net worth fell 53 percent among black households, said the report,
Wealth Gaps Rise to Record Highs Between Whites, Blacks and Hispanics.
Not exact matches
Tang said the
wealth gap was actually widening at a slower pace compared with a
rise of 0.004 between 2006 and 2011, thanks to the government's increased efforts to help the impoverished, including an increase of over 40 per cent in welfare spending on public housing and medical benefits for the poor.
Mr. Lynn believes crowdfunding is part of the solution to the
rise of populism, saying that policymakers should focus not just on the income
gap but the
wealth gap.
Announcing the report findings, commissioner for census and statistics Leslie Tang Wai - kong pointed out that the Gini coefficient - an index from 0 to 1 that measures the
wealth gap - for households
rose by 0.002 from 0.537 in 2011 to a record high of 0.539 last year.
His presentation this time of course focuses on that as well but also highlights
rising wages and a
wealth gap.
With a
rising immigrant population, a well - documented achievement
gap between white students and students of color, and broadening
gaps in
wealth of Americans, Deb Delisle, the assistant secretary for elementary and secondary education for the U.S. Department of Education, said that the odds that are against these children were are really related to a
gap in «educational opportunity.»
WHEREAS, at a time when the nation's K - 12 students are now «majority — minority» and racialized
gaps in student achievement, income,
wealth are on the
rise, the continued opportunity
gap in schools has created a climate where communities are restless for alternatives.
Because tuition costs
rise each year, this
gap is widening, and more people are found to have negative
wealth as a result.
If technology, new energy sources, and
rising third - world
wealth cause these cataclysmic changes in the financial system, cryptoeconomies (aka blockchains) will fill in the
gaps and meet new needs in a future world with no single - currency bias and little trust in central banks.
Rose admits that the
wealth gap is far more complicated than a simple «five - point blog post.»
New research shows the
wealth gap between whites and minority groups has
risen to record highs.