Chicago’s racial wealth gap far worse than U.S. average, report finds, By Gail MarksJarvis, January 31, 2017, Chicago Tribune: “About 65 percent of African-American, Latino and Asian households in Chicago have so little savings and other assets that a sudden job loss, medical emergency or other income disruption would throw them into poverty within three months, according to a report on wealth inequities in the city. The report by the Corporation for Enterprise Development identified the divide between the incomes of white households and minority households as wider in Chicago than the nation as a whole. And the national divide is large. Not only do Chicago’s white households on average far exceed African-Americans, Latinos and Asians in income, but there is a sharp difference in the city between the wealth held by whites and that held by minority communities…”
Poverty-related issues in the news, from the Institute for Research on Poverty