Current Events9

Current Events9 - problem is the difference in unemployment...

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Current Events: Differences in Wealth Between Women A new study has shown the vast difference in wealth between different ethnic groups of women. The Median wealth for single black women is 100 dollars, for single Hispanic women is 120 dollars, and for white women is 41,000 dollars. For every dollar that a white woman owns, a black woman owns a fraction of a penny. This is not based off of the income but off the wealth. This is a major problem in society if such a vast difference in wealth is there. When people are going through a hard time they normally turn to their wealth. Most black families are in debt at the moment because of the financial crisis. Another shocking finding is that for every dollar that a black man owns, a black woman owns only a penny. Another
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Unformatted text preview: problem is the difference in unemployment rate of minorities. The official unemployment rate is at 9.7 percent but for African Americans it is nearly 16 percent and for Latinos it is 12.4 percent. The Congressional Black Caucus held a rare meeting with President Obama to pressure him to create more jobs in the black community. Another topic discussed in democracy now today was the Forbes report on the 500 richest people. 300 people on the Forbes list are new billionaires. It was discussed that this achievement shows the ever-widening gap between the rich and the poor. http://www.democracynow.org/2010/3/12/study_median_wealth_for_single_black...
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Current Events9 - problem is the difference in unemployment...

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