Think white privilege doesn’t exist in America? Consider just how much the color of a child’s skin changes his or her odds of escaping poverty later in life.
Roughly 16 percent of white children born into the poorest one-fifth of U.S. families will rise to become a member of the top one-fifth by the time they turn 40 years old, according to a new study by Brookings Institution researchers for the Boston Federal Reserve.
Those are fairly bleak odds, but for poor black children the odds of making it to the top are even longer: Only 3 percent of black children born into the poorest one-fifth of families will ever make the leap to the top income group, according to the study. (Source: Read more)