In article “The Racial Wealth Gap: Why A Typical White Household Has 16 Times The Wealth of A Black One” by Laura Shin, she claims that the wealth and income divide is happening along racial lines. In 2011, the median white household had $111,146 in wealth when the median black household only had $7,113. Shin compares that the typical black household has just 6% of the wealth of the typical white household. Finally, she concludes that kids of low income families have a lower chance to obtain a 4 year degree. This work is significant because it shows comparison between income of black and white household with specific statistics and charts and analyzes the possible negative effect the wealth gap might have on the next generation. In another article “The Wealth Gap Between Blacks and Whites Is Even More Enormous (and Shameful) Than You Think” by Jordan Weissmann, Weissmann argues that the wealth gap between whites and blacks has grown bigger since last recession. He supports this claim by first showing that average white household owns ten times of wealth of average black household in 2006. Then he lists statistics to prove that now the white household income is worth 12.9 times more than a typical black household. Weissmann’s purpose is to compare blacks and whites household wealth gap in order to prove the statement that when it comes to finances, the US has left the typical black household with just about nothing. Richard Wright should include the topic of wealth gap between whites and blacks because it shows that although blacks’ income has been improved in the past decades, the gap of wealth between whites and blacks is worsened. It is an important topic because the low income families are incapable to fund their kids to go to college and it results in a low graduation rate, and low graduation level leads to limited opportunities of
In article “The Racial Wealth Gap: Why A Typical White Household Has 16 Times The Wealth of A Black One” by Laura Shin, she claims that the wealth and income divide is happening along racial lines. In 2011, the median white household had $111,146 in wealth when the median black household only had $7,113. Shin compares that the typical black household has just 6% of the wealth of the typical white household. Finally, she concludes that kids of low income families have a lower chance to obtain a 4 year degree. This work is significant because it shows comparison between income of black and white household with specific statistics and charts and analyzes the possible negative effect the wealth gap might have on the next generation. In another article “The Wealth Gap Between Blacks and Whites Is Even More Enormous (and Shameful) Than You Think” by Jordan Weissmann, Weissmann argues that the wealth gap between whites and blacks has grown bigger since last recession. He supports this claim by first showing that average white household owns ten times of wealth of average black household in 2006. Then he lists statistics to prove that now the white household income is worth 12.9 times more than a typical black household. Weissmann’s purpose is to compare blacks and whites household wealth gap in order to prove the statement that when it comes to finances, the US has left the typical black household with just about nothing. Richard Wright should include the topic of wealth gap between whites and blacks because it shows that although blacks’ income has been improved in the past decades, the gap of wealth between whites and blacks is worsened. It is an important topic because the low income families are incapable to fund their kids to go to college and it results in a low graduation rate, and low graduation level leads to limited opportunities of