Median wealth by education level and race. https://insightcced.org/wp-content/uploads/2015/08/Umbrellas_Dont_Make_It_Rain_Final.pdf …pic.twitter.com/F4z8ZJtr1o
Median wealth by employment status and race. https://insightcced.org/wp-content/uploads/2015/08/Umbrellas_Dont_Make_It_Rain_Final.pdf …pic.twitter.com/fRq4fOAASZ
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White part timers are wealthier than white full timers.... wild
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He must be counting retired people as part-time workers.
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Median wealth by family income and race. https://insightcced.org/wp-content/uploads/2015/08/Umbrellas_Dont_Make_It_Rain_Final.pdf …pic.twitter.com/jtcWLZo6D7
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In addition to closing education, employment, and wage gaps (which is vital), there must *also* be massive effort to fully close wealth gap.
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How is the median wealth more for part time workers than full time workers? And how the heck is that number so high?
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My guess would be an older demographic, wealth is positively correlated with age.
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Are these based on same demographics?
Thanks. Twitter will use this to make your timeline better. UndoUndo
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" Most black families have no more than $25 in non-retirement liquid wealth and the figure rises to only $200 when retirement savings are included. In contrast, white families typically have over 100 times these amounts with $3,000 and $23,000, respectively, in liquid wealth..
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Maybe we need to start right here. If you don't know how to save, accumulating wealth is not only difficult, it is impossible.
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"Baby Bonds" that earn 2% interest at the top threshold show the writers of this report do not know the first thing about building wealth. Even if you implemented such a program, overnight businesses would spring up to give loans using these Bonds as collateral.
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Equity stripping would commence in earnest as people take out loans today to pay to keep their lights on, a roof over their head, and food on the table.
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