Matt Bruenig has a post at Demos featuring a number of graphs illustrating wealth inequality broken down by race (white, Hispanic, black). The graph above illustrates the racial wealth gap by percentile as of 2013.
Like Mr. Bruenig I present this graph without further comment. Interpret it as you will.
The racial gap is enormous, obviously, but so is the change in whites between the 70th and 85th percentile.
I’d like to see “Hispanic” broken out by race. White too, for that matter.
And no east Asians or south Asians? Or are they all lumped into white?
@Modula Myself, the compounding effect is probably from two income households. The higher the income, the more likely the individual is in a two-income household. The chart is for family.
There was a previous chart on disposable income by race:
http://www.demos.org/blog/2/5/16/income-inequality-overall-and-race-and-gender
The racial disparity is much more gradual, but if we realize that the higher an individual’s income, the more likely the individual is in a two-income household, then the potential disparity in terms of ability to save becomes even greater.
One presumes that they just aren’t a lot of very rich black people, making the “gap” virtually non-existent.