As protests continue unabated across the country in the aftermath of the death of George Floyd, racial inequality in the United States has once again taken front and center. According to the Brookings Institution, the average white family has a net worth of $171,000, which is nearly ten times as much as the net worth of the average Black family ($17,150). Additionally, although the unemployment gap between Black and white Americans had been narrowing since 2011, the post-COVID Black unemployment rate was 16.8%, compared to 12.4% for whites, according to a report published by the Bureau of Labor Statistics early in June. A new study from WalletHub, however, reveals states in the nation where equality can be felt more keenly in terms of employment and wealth. Related: The other America: Health care leads the way in perceptions of inequality Collecting data from the U.S. Census Bureau, the Equal Employment Opportunity Commission and the Department of Housing and Urban Development, WalletHub compared all 50 states and the District of Columbia using eight metrics graded on a 100-point scale. A score of 100 represented the most equality. Those metrics, each weighted differently, included median annual household income, unemployment rate, poverty rate, and share of executives. Home ownership was used as a proxy for wealth. See our slideshow above for the states that ranked lowest and highest in WalletHub's survey, and click here for the entire study. Read more:
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Richard Binder
Richard Binder, based in New York, is part of the social media team at ALM. He is also a 2014 recipient of the ASPBE Award for Excellence in the Humorous/Fun Department.
