By Henry McRandall
WRISEUP.COM
Amerikkkans — and even Americans — who don’t want to deal with the issue are fond of insisting that Barack Obama’s election as United States president in 2008 proves that the “home of the brave, land of the free” is now a post-racist society.
Well, the latest statistics on the average wealth of Americans — and Amerikkkans — broken down by race, are now out and they paint a very different picture.
The average African-American (Black) man, woman or child is, of course, at the bottom of the heap with an average net worth of about $5,000. (I wonder how much lower this average would be if the 2,000-3,000 African-Americans who have made it to the top levels of sports and entertainment were subtracted from the equation.)
Next come Latino-Americans (Hispanics). One might have expected that with the language barrier so many face and with so many illegal immigrants having to work for less than the minimum wage, that their average wealth would be no greater than the average net worth of African-Americans. But this is not the case. In fact, the average Latino-American man, woman and child is about 50% wealthier than his or her average African-American counterpart, with an average net worth of about $7,600. read more »