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" ... Also, wealth disparities are starker than income disparities. Median wealth for Hispanics and blacks is about 90 percent lower than that of whites. In contrast, median income of Hispanics and blacks is only 40 percent lower. This suggests these two groups may have had few opportunities to “convert” their diminished incomes into wealth, such as through homeownership and retirement plans. And although one would expect age and education to help explain the persistent differences in wealth accumulation across racial and ethnic groups (whites are generally older and better educated than blacks and Hispanics), our research shows that the wealth gap is largely unchanged even among equally educated, similarly aged whites and nonwhites. Stated more starkly, education does not appear to be an equalizer, at least in terms of wealth. Therefore, other factors must be in play, including early childhood experiences, parental influences and, of course, deep and historical discrimination against blacks and other minorities. ... "
" ... It is time for Mr. Trump to lead in ending this cycle. And he has an opening in which to do it. Polls are now showing that he is actually making some headway with nonwhites because of the economy and some shared conservative values. A statement from him and the announcement of a new initiative to combat racism and divisiveness would have a number of significant impacts. First, it could increase his support among nonwhites a little. If not that, at least it could dampen Democratic turnout as more conservative and independent-leaning African American and Latino voters at least give pause to voting in November. Second, it could establish Mr. Trump as one who is willing to lead his base forward instead of merely following the foulest instincts of his most radical supporters. Would he risk alienating the most racist elements of his base? Isn’t this the guy who famously said he could shoot someone in mid-town Manhattan and not lose any of his support? ... "
" ... Those who have made their fortunes in the modern era, amassing enormous wealth in five decades or less include the Hughes family, who control self-storage giant Public Storage; the Cathys, owners of Chick-fil-A; and the Chaos, of Westlake Chemical, one of the country's largest producers of low-density polyethylene, used for milk cartons and other food packaging. The only Asian-Americans and nonwhites to make these ranks—just one sign of a racial wealth gap in the country—the Chaos trace their fortune in the U.S. to the 1980s, when T.T. Chao (d. 2008) moved his family from Taiwan to this country and founded Westlake Chemical. ... "
" ... “It took almost a hundred years for the first nonwhites to have occupations on record as [visual] artists or writers. This may also have to do with nonwhite creatives not being classified as artists,” says Borowiecki, addressing the study’s limitations when analyzing historical data. For instance, In the 1850s Black Americans weren’t surveyed in the census. ... "