Chart: The Typical White Family Is 20 Times Wealthier Than the Typical Black Family

We’re still posting a new chart on the current state of income inequality every day over the next week. Yesterday’s looked at how top tax rates dropped as top incomes rose.

Today, a closer look at how income inequality splits along racial lines. Whites’ average household income is 56 percent larger than that of African Americans and 39 percent larger than that of Hispanics. But the discrepancy is even greater when it comes to wealth: The median white family holds nearly 20 times more assets than he median black family and 74 times more assets than the median Hispanic family.

Source: Income by race: US Census; wealth by race: Edward N. Wolff 

Illustrations and infographic design by Mattias Mackler?

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In "It's Not a Crisis. This Is the New Normal," we explain, as matter-of-factly as we can, what exactly our finances look like, how brutal it is to sustain quality journalism right now, what makes Mother Jones different than most of the news out there, and why support from readers is the only thing that keeps us going. Despite the challenges, we're optimistic we can increase the share of online readers who decide to donate—starting with hitting an ambitious $300,000 goal in just three weeks to make sure we can finish our fiscal year break-even in the coming months.

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