Racial Economic Inequality

My argument is about the economic inequality between white people and people of color.
According to today’s society, people make it seem and feel as if racial inequality has only been
happening for the past 10 years. Racial inequalities have been here for more than 400+ years.
Systematic racism is not only police brutalities towards innocent black females and males.
Systematic racism is also the way that people of color are treated differently that white people
from day to day.

Visual #1:
This visual is a representation of racial economic inequality by the average household's wealth.
In this visual, it shows that from 1963-2016 white people have always had the advantage of
wealth over people of color. In 1963, white people’s average family wealth was $121,129 more
than black people’s average family wealth. In 2016, the deficit got even larger and ended up
being 7 times more ($779,813). (Urban Institute calculations from Survey of Financial
Characteristics of Consumers, Survey of Changes in Family Finances, and Survey of Consumer
Finances)

Visual #2:
In this visual, it talks about how black households are less economically secure than white
households. The chart shows the big differences between white people and black people in
some life situations. The two biggest differences in this visual are that “black people are less
likely to receive financial assistance than white people, and black people would rarely dip into
their savings account for an emergency.” I believe that this is because since most black families
live from check to check it is harder for blacks to have much money in their savings account.
(Hanks, Angela; Solomon, Danyelle; and Weller, Christian E.)

Visual #3:
My last visual shows the difference in average family student loan debt between the ages of 25
and 55. From initially seeing this chart you can realize that black families carry more student
loan debt with them after college than white families do. Black families on an average must pay
$3,117 more than white families must pay. “In 2016, 42 percent of black families within the
ages of 25 to 55 had student loan debt. Black people in general have a less chance of graduating
than white people do.” (Urban Institute calculations from Survey of Consumer Finances)
 Outline
Introduction:
In the United States we are faced with all kinds of different inequalities. Racial economic
inequality is the main problem in today’s society. Racial economic inequality is the unbalanced
feeling that people of color get based off the limited amount of authority, opportunities, and
resources that we receive on a day to day basis. People automatically assume that just by us
saying we feel as if we are receiving systematic oppressions that we are only talking about the
police brutalities. This systematic racism reaches from problems within the schools, the jobs,
and more. Racial economic inequality mainly deals with the differences in family wealth,
security within households, and student loan debts.

Thesis:
Racial economic inequality makes people of color feel uneasy with the main differences in
family wealth, household security, and student loan debt.

Body #1: Average Family Wealth by Race & Ethnicity

(Subpoint: “White family's average wealth is over $700,000 more than the average black
family's wealth”)
Body #2: Black households are less economically secure than white households
(Subpoint: “53% of white family’s would dip into their savings account if there was an
emergency”)

Body#3: Black families carry more student loan debt than white families
(Subpoint: “42% of black people between 25-55 years old have student loan debt”)

Conclusion:
Racial economic inequality makes people of color feel uneasy with the main differences in
family wealth, household security, and student loan debt. For over centuries, white privilege
has made it hard for people of color to achieve any sort of economic security. All people that
are descendants of color pigmented people experience some sort of oppression at some point
and time in their lives. Change isn’t just a request...it is a demand!