Economics of Racism
- Large income gaps persist between men, but not women.
- Most white boys raised in wealthy families will stay rich or upper middle class as adults, but black boys raised in similarly rich households will not.
- Most poor black boys will remain poor as adults. White boys raised in poor families fair much better.
- Black men consistently earn less than white men.
- Even when children grow up next to each other with parents who earn similar incomes, black boys fare worse than white boys in 99% of America.
- Disparities cannot be explained by differences in cognitive ability, an argument often asserted.
- African-Americans are twice as likely to live in income poverty than white counterparts.