Census, Fed Data on Minorities Challenge Critical Race Theory Narratives of White Suppression
District of Columbia | August 23, 2021
Black wealth rose significantly over the last ten years, while neighborhood segregation declined, data shows.
Minorities have increased their mobility and financial standing over the last decade, according to federal data that challenges some of the narratives of the so-called Critical Race Theory spreading through schools and media.
While the Federal Reserve reports that “the typical white family has eight times the wealth of the typical black family and five times the wealth of the typical Hispanic family” it also acknowledges that African-American and Hispanic families have made significant gains.
While income inequality exists among racial and ethnic groups, the Brookings Institute points out in several reports that black and Hispanic households have made statistically significant economic progress, especially in the years prior to pandemic-related shutdowns in 2020.
An analysis by the Federal Reserve, for instance, found wealth for African Americans and Hispanic Americans grew far faster during the Trump years than for whites… (Excerpts from the Virginia Star)