EPI: Study of African-American Progress in 50 Years

Lauren Victoria Burke

 

This is an excerpt from the Louisiana Weekly. Read the rest of the article here.

 

(NNPA Newswire) — Americans were the only group that showed no economic improvement since 2000. They based their conclusions on Census data. This year, there was even more sobering news in a report by the Economic Policy Institute (EPI). The new study issued found “no progress” for African Americans on homeownership, unemployment and incarceration in 50 years.

 

Much of what was included in the EPI study was stunning data on African American economic progress. Fifty years after the famous and controversial Kerner Commission Report that identified “white racism” as the driver of “pervasive discrimination in employment and education” for African Americans, EPI concluded that not much has changed.

 

The EPI study stated the obvious and pointed to glaring statistics.

 

Regarding the justice system, the share of incarcerated African Americans has close to tripled between 1968 and 2016, as Blacks are 6.4 times more likely than whites to be jailed or imprisoned Homeownership rates have remained unchanged for African Americans, over the last 50 years. Black homeownership is about 40 percent, which is 30 percent behind the rate for whites.

 

Regarding income, perhaps the most important economic metric, the average income for an African-American household was $39,490 in 2017, a decrease from $41,363 in 2000.

 

 

A press release about the report said, “Black workers still make only 82.5 cents on every dollar earned by white workers, African Americans are 2.5 times more likely to be in poverty than whites, and the median white family has almost ten times as much wealth as the median Black family.”

 

In 2017, the Black unemployment rate was 7.5 percent, up from 6.7 percent in 1968, and still roughly twice the white unemployment rate. In 2015, the Black homeownership rate was just over 40 percent, virtually unchanged since 1968 and trailing a full 30 points behind the white homeownership rate, which saw modest gains over the same period.

 

President Trump has bragged about the Black unemployment rate has reached record lows and homeownership has reached record highs under his presidency. What Trump leaves out is the overall statistical data over many years.

 

This is an excerpt from the Louisiana Weekly. Read the rest of the article here.

 

Author Bio:

Lauren Victoria Burke is a congressional correspondent for the NNPA Newswire. Lauren also works independently as a political analyst and communications strategist.

 

This article originally published in the March 19, 2018 print edition of The Louisiana Weekly newspaper.

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