The Wealth Gap, Research and Policy Brief May 2010

THE RACIAL WEALTH GAP INCREASES FOUR FOLD shouts the headline of the liberal think tank at Brandeis, the Institute on Assets and Social Policy ( IASP), May 2010 report. I looked around for a definition of a "household" but couldn't find one for this wealth gap study. Nor could I find a contact to ask. Also, I haven't seen any mention in the news reports I've seen that the gap between wealthy white households and middle income white households is much bigger than between middle income whites and blacks. Someone needs to look at marriage. Even in middle class white households, children before marriage is becoming socially acceptable--but it's still financially a bad, bad idea, especially for the children. The women's movement just hates to tell women this, but "marrying up" is the best way to go for women. Postponing marriage until you're 35 and moving up the career track doesn't necessarily "create wealth." And savings rates--couldn't find anything in the summary. Also, someone needs to ask one of these think tanks on the left if all the social programs put in place since Johnson's War on Poverty have been working against minorities or have they just been buying votes.

http://iasp.brandeis.edu/pdfs/Racial-Wealth-Gap-Brief.pdf