Racial Disparity in Poverty Rate for Elderly Wider Than Government Says 

The federal government has found that elderly poverty rates among blacks are nearly triple and among Hispanics are more than double those of whites. But according to a recent report by the Urban League, this racial disparity changes and widens when imputed rental income and annuitized asset values are added to income. Because blacks and Hispanics do not share equally with whites in either housing equity or assets, the small reduction in overall poverty attributed to these broader measures of resources benefits mainly whites, and leaves the racial gap even wider: blacks 6.4 times more likely than whites to be poor; Hispanics 8.1 times more likely than whites to be poor.  For a link to a PDF of this Urban League report, click here <http://www.knowledgeplex.org/redir.html?url=http%3A%2F%2Fwww.urban.org%2FUploadedPDF%2F411620_racial_poverty.pdf> .

 

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