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Wealth disparity between whites and minorities largest in twenty-five years

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So, as it turns out, stealing all the fruit-picking jobs from Americans and choking our schools with anchor babies left very little time for immigrants to diversify their portfolios: the wealth gaps between whites and minorities are at their largest in twenty-five years.

On average, whites have twenty times the net worth of blacks and eighteen times that of Hispanics, according to an analysis of Census data.

Timothy Smeeding, a University of Wisconsin-Madison professor who specializes in income inequality:

"What's pushing the wealth of whites is the rebound in the stock market and corporate savings, while younger Hispanics and African-Americans who bought homes in the last decade — because that was the American dream — are seeing big declines."

The minority-white wealth ratio was as low as seven to one in 1995, thanks largely to widespread economic expansion that lifted many lower-income groups to the middle class, so I guess it's heartening that the surplus and Power Rangers weren't the only casualties of the 1990s.

But fear not! The rich are doing just fine, thanks. The share of wealth controlled by the top ten percent of U.S. households increased from forty-nine percent in 2005 to fifty-six percent in 2009. 

But that's suddenly an easier club to get into: whereas the threshold for entry into the nation's wealthiest ten percent was a respectable $646,327 in 2005, it's now dropped to a pauperly $598,435.

I can't wait until election season really ramps up so I can hear only the finest quality lip service paid to the American dream while continuing to read figures like this.