Radio Expeditions 10:58 am Mon March 4, 2013  Wealth Gap: Wide
And Getting Wider  Originally published on Mon March 4, 2013
12:51 pm    We'd like to talk now about new research on the
wealth gap between white and black families in the U.S.
According to a federal survey, the median black family has five
cents for every dollar of wealth owned by their white
counterparts. Now, that gap is obviously very large, but it is
also growing. We wanted to talk more about this, so we've called
Washington Post reporter Michael Fletcher, who wrote about this
recently. And he's with us from The Washington Post's studios.
Welcome back to the program, Michael. Thanks so much for joining
us.  MICHAEL FLETCHER: Good to be here, Michel.  MARTIN: You
know, some of the figures in your piece are really eye-popping.
A new study says the median income for white families is 10
times higher than the median black family. That's $265,000 for
white families, compared to $28,500 for black families. So,
first of all, tell us, what is wealth