Racial Wealth Gap – Chicago

Chicago’s racial wealth gap far worse than U.S. average, report finds, By Gail MarksJarvis, January 31, 2017, Chicago Tribune: “About 65 percent of African-American, Latino and Asian households in Chicago have so little savings and other assets that a sudden job loss, medical emergency or other income disruption would throw them into poverty within three months, according to a report on wealth inequities in the city. ┬áThe report by the Corporation for Enterprise Development identified the divide between the incomes of white households and minority households as wider in Chicago than the nation as a whole. And the national divide is large. Not only do Chicago’s white households on average far exceed African-Americans, Latinos and Asians in income, but there is a sharp difference in the city between the wealth held by whites and that held by minority communities…”

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