[kabar]

If you take the time to read the article and the full study, you would find that your question has been answered.

[Sam Gamgee]

I know. I did read the article. It lists what are included in assets and liabilities. I am just doubtful of the way they obtained this data. It was obtained not objectively but subjectively by a survey. I just don’t know how accurate information can be when you just ask people about their finances. Maybe white are bigger liars?

The article, you are right, does explain that between dates, the housing bubble hurt blacks more than whites. So blacks took riskier terms on their mortgages.

What it doesn’t explain is the presumption that in 1982, whites started by having 12 times the net assets of blacks. I just find that absurdly hard to believe.

[boop]

Thank you for the info. It seems as though democrats are not very good for people of color.

But they vote for the donkey anyway.