1 in 7 white families are now millionaires. For black families, it’s 1 in 50.

Tuesday, October 3, 2017
The Washington Post

“We have growing wealth disparities among whites as well, but the white group is so much further ahead that the class of elite blacks is nowhere near the class of elite whites,” said Darrick Hamilton, an economist at the New School in New York and associate director of the Samuel DuBois Cook Center on Social Equity.

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