Equalizing benefit coverage would raise black median wealth by up to 53 percent
Evidence
And it’s important to remember that income is not the same as wealth, and increases in income alone will not compensate for lack of benefits. Researchers found that median wealth would go up substantially for black workers in all fields if they had equal coverage rates for employer-based healthcare and pensions: a 25 percent increase if health access were equalized, and a 53 percent increase if pension rates were equalized. — Dorothy A. Brown, The Whiteness of Wealth, 370
Categorization
- SEED: The 25%/53% figure quantifies how much of the wealth gap is purely a benefits-coverage gap — strong data point for an essay on wage-vs-wealth blindness.
- corroborated: 2 independent passages support this claim — Dorothy A. Brown, The Whiteness of Wealth: How the Tax…, 370