There are new racial wealth gap numbers, and they’re not pretty

It’s not a pretty picture even amid the booming economy.

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The report finds that 37% of households (including 58% of black and Latino households) are “liquid asset poor” — defined as not having enough cash to subsist above the federal poverty line without income for more than three months.

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“A lot of people just look at income poverty and/or income in general and not look at people’s assets,” he said. “This question of where people are really at versus where their income is at is two different realities.”

 

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Article URL : https://news.yahoo.com/there-are-new-racial-wealth-gap-numbers-and-theyre-not-pretty-204037185.html