Americans Are Unaware of the Vast Racial Disparities in Economic Well-Being

A study conducted by researchers at Yale University finds that Americans are unaware of the vast economic differences that exist between White Americans and African Americans. Family income gaps and household wealth gaps between Blacks and Whites remain huge and have been relatively unchanged for a half century.

But this study found that White and Black Americans from across the income spectrum, reported their perceptions of the degree of racial equality that currently exists and existed in the past on five economic indicators: hourly wages of college graduates, hourly wages of high school graduates, household wealth, household income, and employer-provided health benefits. The researchers weighed participants’ estimates against federal data and found that average estimates of current levels of racial economic equality exceeded reality by roughly 25 percent.

Jennifer A. Richeson, the Philip R. Allen Professor of Psychology at Yale and a co-author of the study, stated that “our findings suggest that Americans tend to be too optimistic about the scope of racial progress in the United States, specifically in the domain of economic outcomes. Unfounded optimism of this sort is likely to hinder efforts to reduce racial economic inequality, or even discover its causes. People will not attempt to solve problems that they are either unaware of or believe do not exist.”

Professor Richeson joined the Yale University faculty in 2016 after teaching at Northwestern University in Evanston, Illinois. Dr. Richeson is a graduate of Brown University in Providence, Rhode Island. She holds a master’s degree and a Ph.D. in social psychology from Harvard University.

The full study, “Americans Misperceive Racial Economic Equality,” was published in the Proceeding of the National Academy of Sciences. It may be downloaded by clicking here.

Related Articles

Leave a Reply

Get the JBHE Weekly Bulletin

Receive our weekly email newsletter delivered to your inbox

Latest News

Oakwood University Wins 2024 Honda Campus All-Star Challenge

The Honda All-Star Challenge is an annual academic competition for students and faculty at historically Black colleges and universities. This year's top finisher, Oakwood University, received a $100,000 grant for their win.

Eight Black Scholars Appointed to New Faculty Positions

Here is this week’s roundup of African Americans who have been appointed to new faculty positions at colleges and universities throughout the United States. If you have news for our appointments section, please email the information to contact@jbhe.com.

MIT Launches HBCU Science Journalism Fellowship

The new HBCU Science Journalism Fellowship will provide students from Howard University, Hampton University, Florida A&M University, Morgan State University, and North Carolina A&T State University with hands-on training and individualized mentorship to develop their journalistic skills.

Two Black Scholars Named American Economic Association Distinguished Fellows

The American Economic Association has named William Darity Jr. and Margaret Simms as 2024 Distinguished Fellows in recognition of their prominent careers in advancing the field of economics and advocating for economic equality.

Featured Jobs