The economy is improving, but the wealth gap between white and minority families is growing wider. The net worth of the average white family is worth nearly 13 times that of an average black family, and ten times that of an average Latino family. Each gap differences has had a steady increase since the recession. These figures are discouraging one because it does not seem like these numbers are likely to change anytime soon and secondly in order for things to change employers need to make it a point to hire minorities but the majority of the employers are white. Therefore this should be a wake up call to minorities to start their own businesses, develop resources, and pull their money to get together to provide employment opportunities for each other.
To define wealth, wealth provides a safety net in more ways than one, if you lose your job the amount of wealth you have will determine how long you are able to stay afloat without a steady income, your wealth determines the type of representation you have in court, and also it dictates the type of lifestyle you are able to provide for your family.
The widening wealth gap isn't particularly surprising inequality in general has increased during the recession recovery, in part because the stock market has rebounded much more quickly than wages or home values. Wealthier families are much more likely than poorer ones to own stocks; the same disparity exists for race.
sources fivethiryeight.com
