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Race and Class The Current Reality. Parity Estimates By using basic statistical techniques, it is possible to predict the approximate date that parity.

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Presentation on theme: "Race and Class The Current Reality. Parity Estimates By using basic statistical techniques, it is possible to predict the approximate date that parity."— Presentation transcript:

1 Race and Class The Current Reality

2 Parity Estimates By using basic statistical techniques, it is possible to predict the approximate date that parity will be reached if present trends continue Median Per-Capita Income: 2067 Median Net Worth: the gap is expanding Median Household Income: parity will not be reached if present trends continue Poverty Rates: 2017

3 Unemployment Rate Total: 4.6% White: 4.2% Black: 7.7% Asian: 3.4 % Latino/a: 5.4% Unemployment Rate, August 2007, for the Civilian Noninstitutionalized Population Aged 16 Years and Older

4 Percent of Population in Poverty WhiteBlackLatinoAPANative 20058.324.921.811.125.3 197510.841.730.2 (from 1976) 23.5 (from 1987) n/a

5 Poverty Over Time Source: http://www.census.gov/hhes/www/poverty/histpov/hstpov2.html

6 Poverty and Childhood

7 Indicators for Immigrants

8 Median Household Income, 2005

9 Median Per Capita Income, 2006 All Americans: $25,267 Whites: $29,406 Blacks: $16,556 Asian/Pacific Islander: $27,844 Latino/a: $14,736 Native American: $15,736 Why don’t per capita and household income line up?

10 Gender and Wages

11 Changes in Household Income

12 Income Categories by Race (1980s)

13 Income Disparity 49.7 23.3 14.8 8.8 3.5 Percentage of Income Earned by Quintile in the Income Distribution

14 Wealth Median Net Worth (2000) - Home Equity (2000) White$79,400$22,566 Black$7,500$1,166 Latino/a$9,750$1,850

15 Wealth and Lineage (1980s)

16 Wealth and Education (1980s)

17 Home Ownership

18 Asset Ownership

19 Net Worth Categories by Race, 1980s WhiteBlack

20 Net Financial Assets, 1980s WhiteBlack

21 How Long will Wealth Last?

22 Wealth Disparity

23 Wealth Inequality

24 Simulating the Wealth Distribution

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