A new study is out claiming that the wealth gap between whites and minorities is at an all time high since the government started keeping track of things like that a quarter century ago.
The median net worth of white households is 20 times greater than that of black households and 18 times greater than that of Hispanic households, according to an analysis of newly available 2009 government data by the Pew Research Center, an independent think tank.
A couple thoughts: First, why do studies like this always contain only blacks and hispanics as the “minority” contingency examined? We have many other racial and ethnic minority groups in America. I’m curious what the results would look like if we measured black wealth against Japanese, or white against Indian. I suspect the results for other minority groups aren’t included since many minority groups in America are quite well off and that would skew the meme that is always promulgated – that institutionalized racism promotes the welfare of whites.
Second, I can’t help but wonder if this largest-recorded wealth disparity has any relation to the fact that over the past twenty-five years the government has become ever more involved in trying to alleviate said problem. Causation or merely an inverse correlation?