Whites get wealthier while Blacks and Hispanics lag behind by Milan Hamilton

The Great Recession hit all Americans hard, but only whites have seen their wealth rise during the recent recovery. And that's widening the already massive wealth gap between whites and other racial and ethnic groups to near record levels.
White households' median wealth ticked up to $141,900 in 2013, up 2.4% from three years earlier, according to a Pew Research Center report released Friday. Net worth for black households dropped by a third during that time to $11,000. Hispanic families experienced a 14% decline in wealth to $13,700. Whites have 13 times the net worth of blacks, the largest wealth gap that's existed since George H.W. Bush was president in 1989. The ratio of net worth between whites and Hispanics now stands at more than 10, the widest it has been since 2001. There are several reasons for the growing gap, says Pew, citing Federal Reserve Bank data. Minority households' median income fell 9% between 2010 and 2013, compared to a drop of only 1% for whites. So minority households may not have been able to sock away as much or may have had to use more of their savings to cover expenses. It takes some digging to find these racial and ethnic disparities, which are masked when looking at the nation's overall median wealth. For all households, median wealth slipped slightly to $82,300 last year, down only 1.1%.

I thought this was interesting because it give you a different perspective on the statistics in the world. After learning about the Civil War and Reconstruction it makes me wonder if any of this can be a result of thing such as the Black Codes and Jim Crow laws that stopped blacks from having certain rights that they should be given.

http://money.cnn.com/2014/12/12/news/economy/wealth-by-race-pew/index.html