Wealth of Forbes 400 Billionaires Equals Wealth of All 41 Million African-Americans
Category: MONEY
In the aftermath of the 2008 economic meltdown, wealth owned by households of color declined dramatically, as home values collapsed, especially in urban areas. The wealth of the richest 1 percent also dropped, but rebounded quickly in subsequent years.
By Chuck Collins, Contributor
Senior Scholar, Institute for Studies. Co-editor, Inequality.o..., 2014-01-21