Parent Revolution Show
with
Bill Emmons and Ray Boshara
of the St. Louis Federal Reserve Bank
 
Discussing
"Education is not the great equalizer it once was-if it ever was. College does not close racial wealth gap. It widens it!"
-----------------------------------------
"Successive generations of Hispanics and Blacks are falling further behind their White and Asian counterparts in obtaining four-year college degrees. Additionally, the payoffs for increasing levels of education obtained by Hispanics and Blacks generally are lower than those for Whites and Asians. As a consequence of these quantity and quality gaps, higher education unintentionally has become an engine for widening disparities rather than for accelerating the convergence of economic and financial opportunities across races and ethnicities."
The the Institute for Policy Studies (IPS) and the Corporation For Economic Development (CFED) say that if current economic trends continue, the average Black household will need 228 years to accumulate as much wealth as their White counterparts hold today. It would take the average Latino family 84 years.
Median Family Net Worth in 2013
| |
Four-Year College Graduates |
Non-College Graduates |
| All Families |
$273,586 |
$43,625 |
| White |
$359,928 |
$80,692 |
| Asian |
$250,637 |
$25,632 |
| Hispanic |
$49,606 |
$12,160 |
| Black |
$32,780 |
$9,006 |
Source: Survey of Consumer Finances
Saturday, 6:00 pm CST
Join us at 7:00 pm Eastern; 6:00 pm Central; 5:00 pm Mountain; 4:00 pm Pacific; 3:00 pm Alaskan; 2:00 pm Hawaiian. Call-In number at 773-591-1690
Listen to The Black Star Project's
Internationally Acclaimed Radio Program
The Parent Revolution
Every Saturday on WVON 1690AM
*****************************************************************
The Black Star Project thanks the Campaign for Black Male Achievement, Illinois State Senator Jacqueline Collins, Illinois State Senator Kimberly A. Lightford, and Melody Spann Cooper of WVON for their generous support for our parenting programs.
|