as the elite and others
gathered in Washington, D.C. to break ground for the construction of the
long-awaited King Memorial, the Census Bureau released a report that
says racial disparities in income, education and home ownership persist
and, by some measurements, are growing.
The data from the
Community Survey, the bureau's new annual survey of three million
households nationwide, reveals that median income for Black households
has stayed at about 60 percent of the income for White households since
1980. In dollar terms, the gap has grown from $18,123 to $19,683.
Black adults have
gap with White adults in earning high school diplomas, but the gap has
widened for college degrees. Thirty percent of White adults had at
least a bachelor's degree in 2005, while 17 percent of black adults and
12 percent of Hispanic adults had degrees.
2002, the Census Bureau
also reported that the 1.1 million Asian-owned businesses earned $326
billion in revenue. The 1.2 million Black-owned firms earned less
than $88 billion. (See "The Secret of Us: How Black Business Survive"
in the current print issue of POH).