Sunday, 24 December 2017

American inequality is unequally distributed, and got lumpier after the Great Recession

Since the Great Recession, the wealth gap between poor whites and poor blacks and Hispanics collapsed (all the poor people are living in similar poverty), but the wealth gap in the middle class grew: middle class blacks and Hispanics are worse off than middle class whites, a phenomenon that's increased since 2008/9. (more…)