I'll be marching in the Millions March NYC tomorrow to show solidarity, as organizers say, "For All Those Innocent People of Color Killed By The Misuse of Police Force." It's worth remember, in these days when the energy continues to stop the killing of people of color via the barrel of the gun, that another part of racism continues every day: the relentless economic racism leveled by the so-called "free market" against people of color, particularly African-Americans.
And Pew has the info in this new research "Wealth inequality has widened along racial, ethnic lines since end of Great Recession":
The Great Recession, fueled by the crises in the housing and financial markets, was universally hard on the net worth of American families. But even as the economic recovery has begun to mend asset prices, not all households have benefited alike, and wealth inequality has widened along racial and ethnic lines.
The wealth of white households was 13 times the median wealth of black households in 2013, compared with eight times the wealth in 2010, according to a new Pew Research Center analysis of data from the Federal Reserve’s Survey of Consumer Finances. Likewise, the wealth of white households is now more than 10 times the wealth of Hispanic households, compared with nine times the wealth in 2010.
The current gap between blacks and whites has reached its highest point since 1989, when whites had 17 times the wealth of black households. The current white-to-Hispanic wealth ratio has reached a level not seen since 2001. (Asians and other racial groups are not separately identified in the public-use versions of the Fed’s survey.)
And:
From 2010 to 2013, the median wealth of non-Hispanic white households increased from $138,600 to $141,900, or by 2.4%.
Americans' Wealth Since Great RecessionMeanwhile, the median wealth of non-Hispanic black households fell 33.7%, from $16,600 in 2010 to $11,000 in 2013. Among Hispanics, median wealth decreased by 14.3%, from $16,000 to $13,700. For all families — white, black and Hispanic — median wealth is still less than its pre-recession level.
That racism is locked in a concrete time capsule that stretches back generations. But, it is worth emphasizing that every time Congress embraces some new tax cut for business or undercuts a regulation that is trying to keep banks and Wall Street from robbing us again, as they did in the recent financial crisis, there is effectively a racist element to those steps because people of color are hurt disproportionately when the elites go wild and plunder our wealth.