Published in Mar 2018

[Africans in the Diaspora] How Black Middle-Class Kids Become Poor Adults

Once they've grown up, African American children are more likely than their white counterparts to backslide into a lower economic group.

When it comes to financial stability, black Americans are often in much more precarious financial situations than white Americans. Their unemployment rate is higher, and so is the level of poverty within the black community. In 2013, the poverty rate among white Americans was 9.6 percent, among black Americans it was 27.2 percent. And the gap between the wealth of white families and black families has widened to its highest levels since 1989, according to a 2014 study by Pew Research Center.

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By Gillian B. White