By: Nadege Green | WLRN Miami South Florida
Black people, regardless of ethnicity or nationality, fare worse than white Americans and other groups that identify as white, according to a new study that looks at the accumulation of wealth in the South Florida region.
“The Color of Wealth” examines the wealth disparities that exist across racial and ethnic groups in West Palm Beach, Miami-Dade and Broward counties.
South Florida has a significant Hispanic population, 43 percent. But when broken down by race, white Hispanics have significantly better economic outcomes than black Hispanics, the authors found.
White Cubans earn a median household income of $38,000 compared to black Cubans, who earn $22,900. Similar disparities were found among white and black Colombians even when there were no significant differences in educational background.
White Hispanics were also more likely to own homes than black Hispanics.
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