The economic gulf between blacks and whites that was present a half century ago has not disappeared

The economic gulf between blacks and whites that was present a half century ago has not disappeared. Measures of household income, household wealth, and homeownership show that the gaps are as wide or wider today as they were years ago. The median household income2 for whites was $67,175 in 2011, as reported in the Census Bureau’s March 2012 Current Population Survey. For blacks, it was $39,760. Since the 1960s the difference in black and white incomes grew from about $19,000 in 1967 to roughly $27,000 in 2011. The median black household income in 2011 was 59% of median white household income. Black Americans are nearly three times as likely as white Americans to live in poverty. Among whites, 10% were poor in 2011, compared with 28% of blacks.