Poverty A recent study on demographics found that white Americans, currently about 63% of the U.S. population, will peak in 2024 and drop below 50% of the U.S. population by 2043. In fact, since the Immigration Reform Act of 1965, about 650,000 new immigrants a year come from Latin America and Asia, which outnumbers the mass European Immigration from 1920-1920 (Lee, 2013). African-Americans, as of the 2012 census update, comprise about 44 million, up almost 2% from 2010. In fact, America's African-American population (Black) has steadily been increasing in participation in American politics, with a 65% turnout in the 2008 Presidential Election, higher than any other minority in the country (U.S.Census Bureau News, 2013). One of the changes in American economic and policy debate occurring in the 21st century has been the growing concerns about the inequality of wealth and the expanding racial wealth gap between Whites and minority groups, including Blacks and Hispanics. Studies show that wealth inequality not only hurts the foundation of the family, but also hampers the economic health of the entire country. In the United States today, the richest 1% of households own 37% of all wealth; and has been...
What is alarming is that this has resulted in a wealth gap between White households and Minority households showing that in 2009, a representative study shows that the median wealth of White families was $113,149 compared with $6,325 for Hispanics and $5,677 for Blacks. This becomes even more alarming when graphed between 2005 and 2009, finding that both Hispanics and Blacks lost significantly between those four years (Kochhar, R., et al., 2011).Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
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