Pew Research Center Report On The Widening Racial Wealth Gap Since The Great Recession

In their most recent study, published in December 2014, the Pew Research Center published statistics that demonstrate that since the Great Recession (2007-2010) the White/Black wealth gap in the United States has grown.  Interestingly, in repeated situations of economic challenge and contraction, White America catches a common cold, while Black America catches pneumonia!  The statistics are powerful and revealing from the Pew Research Center study.  In 2013 dollars, the average Black household had a median net worth of $11,000, while an average White household had an average median net worth of $141,900.  Whites have a median household net worth that is roughly 13 times greater than that of Black households!!!  This is mind-blowing!  White households vis-à-vis Latino households is no better, Whites have a median net worth 10 times greater than Latinos.  Here's the Pew Research Center chart:

     
Wealth inequality by race and ethnicity has grown since 2007.  The Pew Research Center below shows the differential:

Here go the median net worth numbers between 2007-2013 graphically:

I invite you to read the full Pew Research Center report, it may be accessed through the following link: Pew Center Report on Wealth Inequality Since The Great Recession  These numbers should leave all African-Americans scratching their heads, and wrapping their brains around solutions to narrow the widening racial wealth gap in the United States.  Examine the last graph closely, you'll see that the Great Recession hammered Black household median net worth significantly.  Black median net household wealth dropped from $19,200 in 2007, to $11,000 in 2013.  These statistics are scary to say the least.  What do you think?