October 19, 2004
#14 - He's Increasing the Gaps in American Society

So much for being a uniter:

The enormous wealth gap between white families and black and Hispanic families grew larger after the most recent recession, a private analysis of government data has found.

White households had a median net worth of greater than $88,000 in 2002, 11 times that of Hispanic households and more than 14 times that of black households, the Pew Hispanic Center said in the study, being released Monday.

[...]

According to the group's analysis of Census Bureau data, nearly one-third of black families and 26 percent of Hispanic families were in debt or had no net assets, compared with 11 percent of white families. (New York Times)

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