It's commonplace for (white) people to say education is an equity solution. Income or wealth inequality? Education will fix it!
Well, not so far, as shown in this chart:
(Click to enlarge.)
I saw this courtesy of Jake Grumbach, who was responding to Gene Demby from NPR's Code Switch podcast. Grumbach sarcastically captioned the chart this way: "bRiDGe tHE RACial weaLTH Gap with EduCatiON."
Looking at this carefully, you will note that a Black person with a master's, professional, or doctoral degree has hardly any more net worth on average than a white person with some college or an associate's degree. A Black person with a bachelor's degree has substantially less net worth than a white person without a high school diploma.
Not so far... not so much. Maybe it's not about education, you think?
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