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Poverty Across Generations Is Largely Gone for White Americans
- Post AuthorBy Henry Wolff
- Post DateTue Jun 22 2021
Poverty passed on over three generations affects just 1 in 100 White Americans, compared with 1 in 5 Blacks Americans.
That’s the finding of a paper from a team of researchers who examined racial disparities in income mobility and concluded there’s a “stark racial gap” in the persistence of poverty across multiple generations in the U.S.
By the third generation, Black Americans are 41% more likely to be in poverty than Whites Americans.
{snip} Half of Black Americans in the bottom fifth of the income distribution have parents and grandparents who were also poor, compared with 8% for White Americans.
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- Post TagsRacial Differences, Wealth Redistribution