Texas ranks 5th highest in study of racial equality in state economies

Texas came in fifth highest in a new study by the WalletHub website that examines the level of racial equality within the economies of the 50 states and the District of Columbia, based on eight key dimensions.

Texas earned a total score of 76.6 in the study by the personal finances website, with the maximum score being 100. Some of the key criteria examined in the WalletHub analysis were the differences between white and black Americans on median household income, jobless rates, home ownership rates and poverty rates.

The website reported several disparities between whites and blacks on economic issues. These include blacks occupying only 3.2 percent of executive or top-level positions, even though African Americans make up about 13 percent of the nation’s population, and the elevated black unemployment rate nationwide.

The disparity in wealth is also apparent in statistics showing that the average black family has a net worth of $17,150, compared to $170,000 for whites, WalletHub reported.

State Economies With the Most Racial Equality

Overall Rank State Total Score
1 New Mexico 79.92
2 Alaska 77.67
3 Arizona 77.30
4 Hawaii 77.19
5 Texas 76.60
6 Colorado 74.69
7 Montana 74.40
8 Vermont 74.11
9 Delaware 74.00
10 Washington 73.74
11 West Virginia 72.71
12 Florida 72.66
13 Maryland 72.41
14 Kentucky 71.65
15 Tennessee 71.55
16 Virginia 70.73
17 Rhode Island 69.22
18 Utah 68.57
19 New Hampshire 68.37
20 North Carolina 68.29
21 Wyoming 67.99
22 Nevada 67.60
23 California 67.60
24 Massachusetts 67.54
25 Oregon 67.36
26 Oklahoma 67.15
27 Arkansas 66.20
28 Idaho 66.18
29 Georgia 65.91
30 South Carolina 65.62
31 Kansas 65.34
32 Missouri 64.81
33 Alabama 63.50
34 Connecticut 62.79
35 South Dakota 62.55
36 New Jersey 62.13
37 Nebraska 61.10
38 Maine 60.96
39 Mississippi 60.34
40 Indiana 58.58
41 New York 58.04
42 Pennsylvania 56.01
43 Louisiana 56.00
44 North Dakota 55.64
45 Ohio 55.21
46 Michigan 52.61
47 Iowa 50.61
48 Minnesota 48.74
49 Illinois 45.18
50 Wisconsin 44.30
51 District of Columbia 16.00

Source: WalletHub.com

This article was first published by The Center Square.



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