Several Unfavorable Estimates on African Americans Implicate Poverty: Need for More Understanding and Participating in the Market Economy

Amaechi N. Nwaokoro, Victor Williams and Sandra Washington

International Journal of Economics and Finance, 2021, vol. 13, issue 9, 84

Abstract: This empirical study references estimates of the critical economic misery indices such as unemployment, incarceration, poverty purchasing power disparity to present the stunted economic status of African American in the contemporary free market economy. Most especially, the estimates of the unemployment present that African American is in an economic depression when the white is in an economic recession. These estimates have led a disproportional purchasing power disparity faced by the group. The study encourages elevated market entrepreneurship, business partnership, and education to minimize the misery economic indices.

Date: 2021
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