New research shows that Americans grossly underestimate the racial wealth gap.
Here’s a straightforward question. For the sake of argument, let’s assume that the average white family in the United States has $100. In those terms, how much money do you think a comparable black family has?The correct answer is less than $10. Most Americans guess upwards of $80. This is the crux of a new. Specifically, a team of psychologists led by Michael Kraus of Yale University examined the extent to which people underestimate the degree of racial economic inequality in the United States.
. The chart above illustrates the extent to which Americans underestimate the racial wealth gap in the United States. Perceptions of black wealth when white wealth is set to $100 are shown by the diamonds within error bars. The actual ratio of black to white wealth is depicted by the diamonds toward the bottom of the chart. It is easy to see the arrant disconnect between perception and reality.
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