In the first quarter of 2020 in the Uni Statesti the unemployment rate among African Americans is twice that of the Caucasian white population. Young and old makes little difference. Among African Americans, 22% of 16-29 year olds, 14% of 20-24 year olds, 8% of 35-34 year olds, 5% of 35-54 year olds are unemployed. Among the Latin population, things are not much better, even if with lower unemployment rates.
In 2018, 60% of the African-American population earned less than $ 50,000 annually, compared with 40% of the populationnor white in the same condition. One in five blacks must make less than $ 15,000 a year, and another 12% less than $ 25,000 a year.
The COVID-19 pandemic has crashed violently like a wave in the middle of an increasingly binary countryor, dragging with it the most vulnerable structures.
First of all, the notorious middle class exists less and less. The percentage of American adults living in middle-income families has decreased from 61% of the total number of Americans in 1971 to 51% inl 2019 (Pew Research data). In this period, the percentage of adults in the upper income bracket increased from 14% to 20%, while the percentage in the lower income bracket increased from 25% to 29%.
In absolute terms, the median income of an African-American family in 2018 is around 41 thousand dollars, that of a Latin family at 54 thousand dollars, that of an Amer familywhite icon on $ 70,000, while median incomes of Asians – the richest of all – exceed $ 87,000 annually.
The poverty rate for African Americans and Hispanics is particularly rigid, with 27% and 23.5% of people, respectively, below the poverty line. In 1968, a third of African Americans (34%) lived in poverty.
Is called Geography of poverty , the journey through “forgotten America” written by Trymaine Lee with photos of Matt Black and produced by Amy Pereira, Mina Liu and Sam Petulla. A reportage across the United States to tell about the vulnerability, the Americans crushed by the grip of poverty, from the deserts of the southwest through the southern black belt, to the post-industrial and rusty industrial cities that dot the Midwest and the north-east. From border to border in recent years – Lee writes – high rates of poverty have paralyzed entire communities, leaving people starving to death, without hope that better days will come.
In thirty years, the median income of African American families is pafrom $ 34,000 in 1990 to $ 41,000 today, (+ 21%). That of white families went from 56 thousand dollars in 1990 to 70 thousand dollars in 2018 (+ 24%). This means that in 1990 the gap between black and white incomes was $ 22,000 per year, while in 2018 it rose to $ 29,000.
In general, income disparity has widened in the United States in recent decades, while upward mobility has decreased. A small percentage of Americans hold most of the wealthza in this country and the slight decreases in the national poverty rate have done little to stem the river of those who live along the margins.
As an analysis by Pew Research by title 6 facts about economic inequality in the US, regardless of ethnicity, the wealth gap between America’s wealthiest and poorest families has more than doubled. In 1989, the richest 5% of families had 114 times more wealth than families in the second quintile (the second poorest group). In 2016, 5% of the wealthiest held 248 times the wealth of the second quintile.
The wealthiest families are also the only ones whose wealth has increased in the years since the Great Recession began. From 2007 to 2016, the average net worth of 20% of the wealthiest Americans increased by 13%, quello by 5%, richer rose by 4%. By contrast, the median net worth of the poorest households has decreased by at least 20%. Households in the second lowest quintile suffered a 39% loss. The average income of African American households in 2018 also fell slightly in 2007, before the Great Recession.
In the past fifty years i “middle class” incomes have grown slightly, but at a slower pace than higher levels. From 1970 to 2018, the average income of the American middle class went from 58.100 to 86.600 dollars per year (+ 49%), against + 64% of the incomes of the wealthiest Americans.
Crucial is access to tertiary education, to university. In the 2014-15 academic year (goVernative) have obtained a Bachelor (three-year degree) 1,210,523 white students, 192,715 African-Americans and 217,718 Latins. If we consider the PhDs, in the same year there are 108,912 white graduates, 13,278 African Americans and 11,257 Latins.
The empowerment of the non-white population will be an important issue in an American society that – statesman states – in 2060 will consist of less and less whites and more African-Americans and Latins.