this post was submitted on 26 Feb 2024
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[–] cypherpunks@lemmy.ml 21 points 2 years ago* (last edited 2 years ago) (1 children)

There is a well-timed musical change just after 3:13:44 when Mary Landrieu is describing her surprise at learning about the severe racial disparities in US households' net worth:

screeshot of youtube transcript with text:3:13:44average median net worth not income net worth of households is3:13:5067,000 so that's very interesting I thought it would be higher than that I mean that's taking everything that you3:13:57own minus everything you owe and the difference is your net worth I thought people might have more than that I mean3:14:03in terms of equity in their homes you know couple hundred th000 67,000 it was3:14:08concerning to me say said do you have that broken down by Race by any chance oh yes ma'am we have that so would you3:14:15share it they did and I'm going to share it with you because I have not recovered from what I3:14:22heard the gentleman says to me well for white families in3:14:28America the average median not average median which is 50% more 50% less the3:14:34median the White household Senator is 87,0003:14:4187,000 for Hispanic families it is3:14:498,000 and for African-American families it is3:14:565,000 I want to repeat that again 50% of all families in America who are

edit: fwiw the numbers she cites are substantially lower (though the disparities are similar) than what Pew Research reported for that timeframe.

[–] PipedLinkBot@feddit.rocks 5 points 2 years ago

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