Indledning
Black children have access to just 1 cent for every dollar enjoyed by their white counterparts, new research shows, and Hispanic kids fare little better

African American children are suffering long-term disadvantages as a result of vast and growing disparities in the wealth of US families, with Black families with kids having access to barely 1 cent for every dollar enjoyed by their white counterparts.

The shocking racial wealth gap between families, and its impact on Black and Hispanic kids, is revealed in groundbreaking new research by scholars on US inequality.

It shows that the basic wealth levels of families from different racial and ethnic backgrounds have diverged to such a stark degree in the past three decades that the future prospects of children from lower-wealth groups are likely to be grossly compromised.

In 2019, the median wealth level for a white family with children in the US was $63,838. The same statistic for a Black family with children was $808.

Hispanic families with kids fare a little better. They have a median wealth of $3,175, which equates to 5 cents for every dollar of wealth in an equivalent white household.

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Commentary:
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Uddrag
Commentary: This article discusses the issues of income inequality in the U.S.
African American children are suffering long-term disadvantages because of vast and growing disparities in the wealth of US families.

In 2019, the median wealth level for a white family with children in the US was $63,838. The same statistic for a Black family with a child was $808.

Income inequality is how income is unevenly distributed throughout the population. The more unequal the distribution, the higher the income inequality.

The population can be subdivided in different ways to show different levels and forms of income inequality, including income inequality by gender and race.

The key concept “Equity” will be discussed, in contrast to equality which is defined as the same economic outcome for everyone, while equity is the same opportunity to succeed economically. Equity refers to fairness, the concept that everyone should be given an equal opportunity to succeed.

As mentioned in the article there is a huge gap in wealth inequality between a white family with children in the U.S. and a black family with children. Where the white family’s wealth was 63.838 dollars and the black family 808 dollars

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The most common way to represent inequality is with a "Lorenz curve." Although the limitation of this article is that there is no data to help create the Lorenz curve, the data above are from 2013 and show how the Lorenz curve looked in 2013.

In 2021, the Lorenz curve should look similar. To create a Lorenz curve, it takes data about household income gathering. Below the diagram, there are the U.S.