Bubba Rednecks pays for his food, clothing, shelter and kids' home schooling for the month and has enough left over to sock away $1000 a month in the bank.
Juan Valdez pays for his food, clothing and shelter for the month and has enough left over to send $1000 a month to his family back in Cartagena.
Eric Holder's person spends it all the first day on cornrows, a four-pack of 24-ounce Colt 45 malt liquor and a street-corner game of craps.
At the end of a year Juan Valdez and Eric Holder's person have spent all their money and have nothing to eat and plead with pResident Obama to help them.
Barack Obama has the FBI check everyone's bank accounts and discovers that Bubba Redneck has been hording money and, in the name of "fairness," has it transferred to the federal government, where a fourth of it is distributed among the two poor families of Juan Valdez and Eric Holder's person, and the rest is used to cover federal overhead expenditures, Las Vegas junkets for various federal agencies, and golf memberships for the entire White House staff at Augusta National.
My reaction as well. Note it's the median white wealth vs. the median black wealth, not income, and wealth can be negative I presume. Could be a case where a much larger fraction of nonwhite households are "underwater", so that the median wealth is positive, but very low. Thus by shifting upward from zero, or break-even, the median white wealth could be a large multiple of the median nonwhite wealth, even though modest. E.g. could be $10,000 vs. $500, or something like that.
These stats don’t mean anything without a lot more information. School drop out rates, single family homes with no dad, violent and property crime rates, illegal immigrants in included in the survey who can not legally work in the US... The number of white people close to retirement who have saved retirement nest egg - age of people in survey matters as young have less assets than the old, etc. Whites as a group are older than are Hispanics and Blacks. White population is older and been saving longer. So you have to compare assets of young blacks and young hispanics to young whites.
The short cut solution to this kind of mindless race baiting will be to discriminate against young whites in opportunity and jobs and other socialist racist oppression. The Dems are dreaming of taking retirement funds from white retirees and pooling it to be spread out to bring racial equality in outcome of retirement income. They want to deny Social Security payments to whites who have an unequal race outcome in their retirement funds with minorities.
The “rich” whites are older people with retirement nest eggs and houses they have worked to pay off for retirement.
Young whites compared to young blacks and hispanics wealth is not as drastic. Compare people of equal age, family make-up, education, equal crime rates and exclude illegal aliens and immigrants.