Economist Thomas Piketty, the author of Capital in the Twenty-First Century, recently observed that the level of inequality in the United States — for those who work for a living “is probably higher than in any other society, at any time in the past, anywhere in the world.” 2017
When Economist Thomas Piketty said the above quote in 2017 white American families had in total likely less than $100 trillion dollars. They now have $127 trillion. Large blocks of Black America have no idea the scale of the racial wealth gap, nor how it will impact their lives.
To help you read this chart almost 1/2 of Black wealth is in pensions. Likely almost all held by those that are already retired and above the age of 60. In addition that group may have most of the small Black real estate as well. 🤫💰🤷🏿♂️ Working age Blacks are largely wealthless.
Ray Dalio is the billionaire whose chart I amended with colors for #ados context. Watch this and share your thoughts. “Principles for Dealing with the Changing World Order by Ray Dalio”
Review Here: linkedin.com/pulse/our-bigg…
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