Sunday, April 10, 2022

ONE Explanation for the Differences in Accumulated Wealth

Minorities skew young.

White people have far more members of the group that reach the middle-to-elder years. They bring up the average income - by quite a lot.

Here's the graphic.


Now, look at the rise, for Blacks and Multiracials, in the Millennial years. If there is not a drop-off in population (in other words, an unusual rise in deaths), the expected increase in wealth as the general population ages may have a chance to change the future of non-Whites in this country (that's assuming that most Non-Whites will follow the normal pattern of engaging in more sedate, non-criminal, and economically productive behavior as they age.

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