This week, Newsweek reporter Sam Schwarz wrote an article on the state of black wealth titled “Most Black People Aren't Poor, But The U.S. Media Tells You Otherwise”. The only numbers in the piece don’t support the narrative of black wealth in America he attempts to put forward. White America has 90 percent of the wealth, black America controls around a mere 2.6%. Without the family car, the middle black family has a net worth of $4,160. This means, using an accounting model that more accurately excludes the family car, the median white family is worth over 33 times that of the median black family.

Source: Huffington Post December 17, 2017 23:15 UTC