According to a recent study by personal finance website, WalletHub, Michigan’s Economy has the 6th Least Racial Equality in the U.S.
With the unemployment rate at 6.2 percent for African Americans compared to 3.2 for whites, Wallethub recently released a report on “the State Economies with the Most Racial Equality”. According to the study, their experts say Michigan has the 6th least racial equality in the U.S.
“Right now, Michigan has the third highest unemployment rate gap when it comes to blacks and whites; so that’s one disparity that is quite large also when it comes to poverty rates, homelessness, homeownership, Michigan is in the bottom ten for all of those things.”
Wallethub analyst Jill Gonzalez says in order to determine which states have the most racial equality in terms of employment and wealth, Wallethub compared the 50 states and the District of Columbia across eight metrics.
“Essentially the gaps between white and black Americans in the areas like annual income, unemployment rate, homeownership rate, so really just looking at the economic standpoints here.”
Gonzalez says Michigan could be doing a lot better when it comes to its racial equality specifically when it has to do with its economy.
“It’s not necessarily an outlier here. The Midwest in general did not fare well. Michigan ranked 46th out of all 50 states, plus DC. But Ohio ranked 43rd, North Dakota 44th, Minnesota 47th, Iowa, Wisconsin, Illinois-all ranked in the bottom 5.”
You can find the complete report at WalletHub.com
