Wednesday, July 27, 2011

Widening wealth gap between whites, minorities has deep roots

CNN Opinion
By Ellis Cose, Special to CNN
July 27, 2011 4:23 p.m. EDT

Editor's note: Ellis Cose is the author of "The End of Anger: A New Generation's Take on Race and Rage" and "The Rage of a Privileged Class."

(CNN) -- No one who is remotely familiar with American demographics should be surprised to hear that Anglo families, on average, are wealthier than black or Latino families. Nonetheless, the magnitude of the disparity revealed by a new study is staggering.

The median wealth of Anglo households is now 20 times that of black households and 18times that of Hispanic households, according to the Pew Research Center.

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