Racial disparity in socioeconomic outcomes in the U.S. is compounded by the concentration of wealth within a small percentage of households, predominantly white. Analysis from 24/7 Wall St. identifies the worst states for Black Americans using an index that assesses income, poverty, education, homeownership, unemployment, imprisonment rates, and mortality. This index reveals pervasive racial inequalities, emphasizing the need for changing entrenched views and a more informed approach among individuals and policymakers to address these enduring disparities effectively.
The concentration of wealth in America, where 1% of households own 30% of all wealth, perpetuates significant racial disparities in socioeconomic outcomes.
The index created by 24/7 Wall St. highlights eight measures revealing pervasive race-based gaps in economic indicators affecting Black Americans across various states.
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