Posted on June 22, 2021

Poverty Across Generations Is Largely Gone for White Americans

Alexandre Tanzi, Bloomberg, June 11, 2021

Poverty passed on over three generations affects just 1 in 100 White Americans, compared with 1 in 5 Blacks Americans.

That’s the finding of a paper from a team of researchers who examined racial disparities in income mobility and concluded there’s a “stark racial gap” in the persistence of poverty across multiple generations in the U.S.

By the third generation, Black Americans are 41% more likely to be in poverty than Whites Americans.

{snip} Half of Black Americans in the bottom fifth of the income distribution have parents and grandparents who were also poor, compared with 8% for White Americans.