Poverty passed on over three generations affects just 1 in 100 White Americans, compared with 1 in 5 Blacks Americans.
That’s the finding of a paper from a team of researchers who examined racial disparities in income mobility and concluded there’s a “stark racial gap” in the persistence of poverty across multiple generations in the U.S.
By the third generation, Black Americans are 41% more likely to be in poverty than Whites Americans.
Read More at Bloomberg Equality
