Group Economics - Bar chart displaying the population and wealth shares of each ethnic group in the United States. [ Sources:Federal Reserve / US Census Board ]

 


This chart shows population size and wealth ownership among different ethnic groups in the United States. 

Let’s break it down simply:


White Americans: They make up about 60% of the population 

but hold roughly 85% of the country's wealth. 

This shows that, on average, White households have a lot more wealth compared to other groups. Group Economics.


Black Americans: Around 13% of the U.S. population is Black,

 but this group owns only about 2% of the wealth. 

This difference is a result of ......? You decide you know best/ most relative answer for you ,....Group Economics?


Hispanic or Latino Americans: This group is 18% of the population 

but holds only around 4% of the wealth. 

Like Black Americans, this difference is a result of ......? You decide you know best/ most relative answer for you ,....Group Economics?


Asian Americans: Asian Americans make up about 6% of the population 

and have about 8% of the wealth. 

While this group’s wealth share is closer to their population size, it’s important to remember that there’s still a lot of variety within this group.


Native Americans: They represent 1% of the population 

they hold 0.5% of the wealth. 

The extremely low wealth share among Native Americans is a result of ......? You decide you know best/ most relative answer for you ,....Group Economics?


Other/Mixed Races: This group makes up about 2% of the population and owns around 3% of the wealth. 


If black people hold 2 to 3 percentage of wealth in America and they are 13 percent of the population, given Americas current population how many black people to a ten thousand lives above the poverty line  applicable to other citizens in USA


To calculate this, we’ll break down the numbers step by step:

Identify the percentage of Black people in the U.S. population:

According to the information, Black people make up about 13% of the U.S. population.

Calculate the number of Black people per 10,000 people in the U.S.:

Since Black people make up 13% of the population:

10

,

000

×

0.13

=

1

,

300

10,000×0.13=1,300


So, there are approximately 1,300 Black people per 10,000 people in the U.S.

Determine the percentage living above the poverty line:

As mentioned 2-3% of Black people are living above the poverty line.


Calculate the number of Black people living above the poverty line per 10,000 people in the general population:

If 2% of Black people are above the poverty line:

1

,

300

×

0.02

=

26

1,300×0.02=26


And if 3% of Black people are above the poverty line:

1

,

300

×

0.03

=

39

1,300×0.03=39


So, based on these numbers, between 26 and 39 Black people per 10,000 people in the general U.S. population are estimated to be living above the poverty line.


[ Olofin ]



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