Slide 1

Race and Class The Current Reality

Slide 2

Parity Estimates By using basic statistical techniques, it is possible to predict the approximate date that parity will be reached if present trends continue Median Per-Capita Income: 2067 Median Net Worth: the gap is expanding Median Household Income: parity will not be reached if present trends continue Poverty Rates: 2017

Slide 3

Unemployment Rate Total: 4.6% White: 4.2% Black: 7.7% Asian: 3.4 % Latino/a: 5.4% Unemployment Rate, August 2007, for the Civilian Noninstitutionalized Population Aged 16 Years and Older

Slide 4

Percent of Population in Poverty WhiteBlackLatinoAPANative 20058.324.921.811.125.3 197510.841.730.2 (from 1976) 23.5 (from 1987) n/a

Slide 5

Poverty Over Time Source: http://www.census.gov/hhes/www/poverty/histpov/hstpov2.html

Slide 6

Poverty and Childhood

Slide 7

Indicators for Immigrants

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Median Household Income, 2005

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Median Per Capita Income, 2006 All Americans: $25,267 Whites: $29,406 Blacks: $16,556 Asian/Pacific Islander: $27,844 Latino/a: $14,736 Native American: $15,736 Why dont per capita and household income line up?

Slide 10

Gender and Wages

Slide 11

Changes in Household Income

Slide 12

Income Categories by Race (1980s)

Slide 13

Income Disparity 49.7 23.3 14.8 8.8 3.5 Percentage of Income Earned by Quintile in the Income Distribution

Slide 14

Wealth Median Net Worth (2000) - Home Equity (2000) White$79,400$22,566 Black$7,500$1,166 Latino/a$9,750$1,850

Slide 15

Wealth and Lineage (1980s)

Slide 16

Wealth and Education (1980s)

Slide 17

Home Ownership

Slide 18

Asset Ownership

Slide 19

Net Worth Categories by Race, 1980s WhiteBlack

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Net Financial Assets, 1980s WhiteBlack

Slide 21

How Long will Wealth Last?

Slide 22

Wealth Disparity

Slide 23

Wealth Inequality

Slide 24

Simulating the Wealth Distribution