Thursday, March 29, 2018
The Equality of Opportunity Project has issued results of a study that followed 20 million children and their parents to track wealth acquisition opportunities based upon race. The study showed a significant gap in income between similarly situated white and black men. A less significant gap was noted between white and black women. But black men have no advantage, and indeed are at a disadvantage, in reaching or maintaining economic stability in wealthier status levels when compared with white men with the same or similar situations. The data is disturbing.
"Black and American Indian children have substantially lower rates of upward mobility than the other racial groups. For example, black children born to parents in the bottom household income quintile have a 2.5% chance of rising to the top quintile of household income, compared with 10.6% for whites." This contrasts with Asian Americans and caucasians, who have a much higher income level.
Even black men who grow up in economically advantaged households have few assurances of retaining economic advantages. While white males are five times more likely to remain in the economically advantaged class in which they grew up, black and native men are as likely to drop to the bottom economic levels as they are to remain in the higher level in which they grew up.