Dave Killion — July 26, 2011
This chart has popped up in my reader a number of times today, accompanied by headlines that were mostly variations of “Racial Wealth Gap Widens, Whites on Top“. I immediately began doing what I always do whenever I come across a discussion on racial disparities; I looked for the Asians.
I look for the Asians because they tend to monkey-wrench the narrative that attempts to blame poor outcomes on race. And what do I find when I look at the chart? No Asians. And I didn’t find them when I looked for them in Google news. In fact, I had to go right to the source to locate them -
“In 2005 median Asian household wealth had been greater than the median for white households, but by 2009 Asians lost their place at the top of the wealth hierarchy. Their net worth fell from $168,103 in 2005 to $78,066 in 2009, a drop of 54%.”
So whites and Asians switched places, but the disparity is roughly the same in both 2005 and 2009. And where are the Arab-Americans? No mention of them whatsoever. It appears that if you want to sell newspapers or get some attention for your think tank, there are some things you just don’t talk about.
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