Black education levels have risen rapidly in the last century according to economists
A new report from The Economist reveals that black Americans are living longer and receiving a better education than ever in the past half century.
The report notes that in the mid-20th century, the average African American’s life expectancy was 61 years. In 2017, he was 75.3 years old. However, there is still a gap. The average white American lives 78.8 years. Both are survived by Hispanics who live an average of 81.8 years.
Read more: Tories say black-led Defense Ministry is too ‘awake’
Educationally, the gaps have narrowed between black and white college graduates. According to the report, in the first year that race-based data was available for college graduates, only 1.3% of blacks had graduated from college, compared to 4.9% of whites.
Today, 26% of blacks have a university degree compared to 40% of whites. Asian Americans are the only ethnic group where the majority of its members are college graduates.
The report also analyzed homeownership. This shows that 70% of white Americans own a home, but that number hovers just over 40% for blacks.
The Economist notes that the history of the redlining of black neighborhoods and their denial of financial services has created a limited ability to obtain mortgages. “The legacy of this practice has had long-term adverse effects on the ability of African Americans to accumulate wealth,” the report notes.
“Not only are more whites having a house (or the associated wealth) to pass on to their children. These homes tend to be worth more, giving white families a reserve of wealth to cultivate and borrow against what African Americans lack.
Read more: 64% of millennials regret buying a home, survey finds
African-American wealth continues to lag behind due to this heritage. The report notes that the wealth of a black family is about one-tenth that of a white family, and is also lower than that of the average Hispanic family.
The report also discusses the incarceration rate showing that African Americans make up 33% of the incarcerated population, but only 12% of the adult American population. However, he notes that with the reform of sentences, the prison and prison population in the country is decreasing.
The new report is part of 12 months of content from the respected publication exploring the issue of race in America launched after the murder of George Floyd.
Do you subscribe to TheGrio’s Podcast “Dear culture”? Download our latest episodes now!
TheGrio is now on Apple TV, Amazon Fire, and Roku. Download theGrio today!