{"id":15321,"date":"2015-01-29T19:21:18","date_gmt":"2015-01-29T19:21:18","guid":{"rendered":"https:\/\/colorlines.madeostudio.com\/article\/one-tweet-explains-racial-wealth-gap\/"},"modified":"2015-01-29T19:21:18","modified_gmt":"2015-01-29T19:21:18","slug":"one-tweet-explains-racial-wealth-gap","status":"publish","type":"post","link":"https:\/\/colorlines.com\/article\/one-tweet-explains-racial-wealth-gap\/","title":{"rendered":"One Tweet Explains the Racial Wealth Gap"},"content":{"rendered":"
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One Tweet Explains the Racial Wealth Gap<\/h3>\n

\n By Carla Murphy<\/span> Jan 29, 2015<\/span>\n <\/p>\n <\/div>\n

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\n Share<\/span>\n
\n Twitter<\/span><\/a>\n Faceook<\/span><\/a>\n Email<\/span><\/a>\n <\/div>\n <\/div>\n <\/div>\n
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\n \n \"One\n <\/picture>\n <\/figure>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/section>\n
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Here’s a thought exercise: How long could you maintain your current standard of living without a paycheck? A week? Six months? The next 20 years?\u00a0That length of time is a measure of your personal wealth–which is quite different from\u00a0<\/span>hourly wages<\/a>\u00a0or annual income. <\/span><\/p>\n

Wealth, in the form of home ownership for most Americans, is real security. It’s what enables families to bounce back from life-changing emergencies and survive into the next generation. (Or the next 20, if you’re related to John D. Rockefeller) With that in mind, consider the racial wealth gap chart below. Perhaps it’s time to\u00a0<\/span>talk more about wealth<\/a>, and not just about wages and income.<\/span><\/p>\n

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The racial wealth gap; white households have significantly more wealth than households of color\u00a0@CFED<\/a>\u00a0#CFEDScorecard<\/a>\u00a0pic.twitter.com\/UIjsWfdpOF<\/a><\/p>\n

— Asset Building (@AssetsNAF)\u00a0January 29, 2015<\/a><\/p><\/blockquote>\n

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Note that \"households of color,\" according to the\u00a0Corporation for Enterprise Development’s Assets & Opportunity Scorecard<\/a>, includes\u00a0Black or African-American; American Indian and Native Alaskan; Asian; Native Hawaiian and other Pacific Islander; Hispanic or Latino; some other race; two or more races.<\/p>\n

(h\/t\u00a0AssetsNAF<\/a>)<\/p>\n