The Helios Biblios Hour : PT 5 Blacks History UNCUT : The Finale Hour 2020

A new study sheds light on the yawning gap in wealth in the Miami area between white households and households of color.Among non-white groups, it is Miami-area households identifying as black that continue to suffer most, according to the authors of the study, “The Color of Wealth in Miami.”The wealth gap exists across racial background: African-American, Haitian-American, and all other types of black households, the study says.“If skin complexion is a marker of social treatment, as I believe it to be, then we still have lots of structural barriers related to someone’s phenotype,” said study co-author Darrick Hamilton, a professor of economics and social policy at Ohio State University.So what’s unique about Miami?Thanks to its particular mix of ethnicities identifying as black  comprising Miami-Dade, Broward and Palm Beach counties ? For white households, the median net worth was an estimated $107,000.? For Black-American households, the median net worth was $3,700.? For Black-Caribbean households, the median net worth was $12,000. Meanwhile, households identifying as Cuban had a median net worth of $22,000. “U.S. black descendants and black Caribbean descendants, primarily Haitians, Jamaicans, Trinidadians and Tobagonians, and blacks with Latin or Hispanic heritage, are more economically similar than Latins of various ancestral origin who self-identify as white as opposed to black,For Hamilton, the data show that the experience of being black in Miami is a uniquely difficult one, even accounting for different ethnic or ancestral origins.“In terms of identification, overwhelmingly, Latin Census respondents self-classify as either racially white or ‘other,’ while a small fraction chose a racially black identity,” the authors write. “Self-reported white Latin individuals attain higher economic outcomes.