Detailed text transcripts for TV channel - MSNBC - 20111122:16:40:00
About the 1%, i mean, it's hard to feel sorry for the 1%. but when you do the numbers and you look at the hard math, what are the income disparities in that top bracket? >> within the 1%, african-americans make about 22% less than caucasians. and i'm using them as a comparison point since they comprise the majority of the 1%. but what we found, the issue is not so much on income as it is on net worth. and that is where the disparity really is very prevalent. african-americans in the top 1% have net income, a median net income, of 1.2 million, but caucasians have 8.3 million. >> so the showcase...
Source: news source