Quick Clips: Racial Wealth Gap Soars for American Families

Harvard Business Review has the info after the jump.

Posted:
 

According to a Brandeis University studied scooped by the Harvard Business Review

White American families' median wealth (not including home equity) grew from $22,000 to $100,000 over the 23-year period ending in 2007, while African-American families' median wealth remained virtually flat at just a few thousand dollars, according to a new study led by Thomas M. Shapiro of Brandeis University. In each year of the study, at least a quarter of African-American families had no assets at all.

Comments
The Root encourages respectful debate and dialogue in our commenting community. To improve the commenting experience for all our readers we will be experimenting with some new formats over the next few weeks. During this transition period the comments section will be unavailable to users.

We apologize for any inconvenience and appreciate your continued support of The Root.

While we are experimenting, please feel free to leave feedback below about your past experiences commenting at The Root.
The Root 100 People's Choice Awards  
Sept. 19 2014 8:34 AM