, which celebrates the ending of slavery in the United States, management consulting firm McKinsey & Co. has warned that economic disparities facing Black Americans have stranded millions with negative net worths and reduced their life expectancies., which underscores the harsh systemic challenges that continue to encumber the Black community, points to several factors.
Perhaps most striking of the study's findings were data points like this one: In a world in which racial pay gaps didn't exist, Black wages in the US would be $220 billion higher annually, according to the study, which wasWhat's more, 19% of Black families — about 3.5 million in all — are now hindered by a negative net worth as a result of carrying excess debt, as compared to just 8% of white families who are in the same position, McKinsey said.
Geographically, the McKinsey research found that Black workers are primarily spread throughout southern states. from 2018 looked at the standard income ranges of earners in both the Black and white communities in America.
Lifestyle choices
No...dropping out of school to sell and do drugs and join gangs have caused both of those things.