Assets and Debt, Black and White
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This story
at The Nation about Baltimore’s economic ills that have led to this city
being the country’s latest hotspot on police conduct and inequality points to
a Pew Research poll
from a couple of years ago that provides the following take on how vastly different
household assets and debts are between blacks and whites in the U.S.
 
Note that these are averages, not medians, and the latter would show a
much more accurate picture of the “typical” black or white American.
Nonetheless, the asset-to-debt ratios and the components of each offer
compelling evidence of just how broad the economic/financial divide currently
is between races.
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Tim Iacono is the founder of Iacono Research, a subscription service providing market commentary and investment advisory services specializing in commodity based investing.
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