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The US is still about 70% white, so the low net worth of a growing Hispanic population is not going to skew the numbers that much. And I'd like to why you believe this should be divided on ethnic or racial lines in the first place?
It's not so much a racial or ethnic wealth gap as it is a homeowner/renter wealth gap. While the ratio fluctuates over time, median homeowner net worth in this country is usually in the neighborhood of 30x median renter net worth. It is largely racial and ethnic disparities in home ownership that account for the racial and ethnic differences in wealth. (Note that racial/ethnic wealth gaps are in the neighborhood of 15x, while homeowner/renter wealth gap is 30x or greater.)
Houston is a city that has long been known for being largely free of government zoning as the rest of us know it.
Ah, Houston -- the darling of the corporate-funded hard right-wing. But while the city famously lacks anything they choose to call zoning laws, it has plenty of decentralized codes and ordinances that while shying away from out-and-out land-use restrictions still do very much the same sorts of things that actual zoning does. What Houston enjoys then are nearly all of the burdens and restrictions of zoning without any of the benefits that would have accrued from a top-down comprehensive plan for the oversight and direction of progress and development in the region. This is part of the reason why Houston has become a crude hodge-podge that routinely appears near the top of lists of worst-designed US cities.
It's not so much a racial or ethnic wealth gap as it is a homeowner/renter wealth gap. While the ratio fluctuates over time, median homeowner net worth in this country is usually in the neighborhood of 30x median renter net worth. It is largely racial and ethnic disparities in home ownership that account for the racial and ethnic differences in wealth. (Note that racial/ethnic wealth gaps are in the neighborhood of 15x, while homeowner/renter wealth gap is 30x or greater.)
Stop the presses. You're telling me those who rent and have no chance to ever acquire equity (until they stop renting), has less wealth than people who own? Wow.
The US is still about 70% white, so the low net worth of a growing Hispanic population is not going to skew the numbers that much. And I'd like to why you believe this should be divided on ethnic or racial lines in the first place?
Sorry bro time for me to blow you out of the water, I got a Pew Research report from 3 years ago that totally shows otherwise.
They have whites at median net worth of 141k in 2013 in the U.S. Home ownership is the main thing that effects these numbers. They don't have a 100k in the bank...their net worth is mostly their house. The home ownership paywall is the biggest problem in the U.S. Either way the graph that dude originally posted is pure bunk and not from a reputable source. The US is not #27 in anything.
I agree with Buffet. However, the benefits of economic growth will not be equally shared.
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