17409 News Today

Family. in 2016 the median family wealth for white families was $171,000. thats your house, things of value, minus things that you owe. compare that to $20,920 for hispanic families and $17,409 for black families. wealth, as i say, defined as the total market value of all your assets including home ownership, which is a primary driver of wealth in america. according to the census bureau, 73% of white households are homeowners. that number stems at 47% for hispanic and 41% for black households. c...

And just $17,409 for black families. what do the candidates want to do? new jersey senator cory booker is pushing for so-called baby bonds. his proposal calls for every child born in the united states, to receive a $is,000 savings fund that they can use as an adult. this fund would grow and by added to based on how much a family earns with children who live in poorer households getting a larger contribution. elizabeth warren has put forward several proposals aimed at addressing the racial wealth...

Tangible policy plans, and thats the racial wealth gap from iowa to south carolina. candidates are repeatedly bringing up the fact on average a black family has one tenth, a tenth of the wealth of an average white family and that divide is growing. bigger than it was just 35 years ago. where this plan win over democratic voters? joined by nbc news political correspondent benji with a headline, racial line is vast. thanks for coming on. >> thanks for having me. >> wealth inequalitity. 2016, $171,...

Everything, all the assets you have. 20,920 for hispanic families. 17,409 for black families. what do families. new jersey senator cory booker is pushing for so called baby bonds. hes proposed giving every child born in the united states a $1,000 savings fund which they can use as an adult as it grows and compounds to pay for education, buying a home, starting a business. the fund would grow based on how much a family earns with the children of poorer households getting a larger contribution. ma...

Is double that of white americans. thats still a huge issue. he talks about his policies. here is what you will not hear him talk about. in 2019, they want to get rid of the minority business development agency which is the only federal agency tasked with increasing competitiveness among minority owned businesses. they want to wipe it out completely. i talk to folk who is doeal wit this. another federal agency that drove resources to black owned wizes. why dont he deal with those issues. the bla...