Chicago's racial wealth gap worse than national average
![money-cash-hundred_1485866189087.png](https://images.foxtv.com/static.fox32chicago.com/www.fox32chicago.com/content/uploads/2019/08/764/432/9536c73c-money-cash-hundred_1485866189087_2672457_ver1.0_640_360.png?ve=1&tl=1)
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CHICAGO (AP) - A nonprofit wealth-building organization says about 65 percent of African-American, Latino and Asian households in Chicago would be thrown into poverty within three months if the breadwinner losses their job.
A report by Washington-based Corporation for Enterprise Development asserts the divide between the incomes of white households and minority households is wider in Chicago than in the nation as a whole.
Dedrick Asante-Muhammad of CFED says the huge divide is due to Chicago's white households being wealthier than the national average. He adds the city's African-Americans are significantly less wealthy than the national average.
The median income of whites in Chicago is $70,960 compared with $56,373 for Asians, $41,188 for Latinos and $30,303 for blacks.
Asante-Muhammad notes white households have recovered more than minority households from the 2008-09 recession.