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Wisconsin ranks near the bottom in economic racial equality, study says

WalletHub weighs eight factors
Wisconsin ranked 6th best state to raise a family
Posted at 5:47 PM, Jun 17, 2020
and last updated 2020-06-17 18:47:52-04

Wisconsin finished 50th out of 51 in a recent WalletHub report ranking economic racial equality among the 50 states and the District of Columbia.

The study used eight key metrics to come up with the rankings:
1. median annual household income
2. labor force participation rate
3. unemployment rate
4. homeownership rate
5. poverty rate
6 homeless rate
7. share of unsheltered homeless
8. share of executives

Wisconsin rated particularly low in the median annual household income disparity (50th), labor force participation gap (50th), poverty rate gap (50th), homeownership rate gap (45th) and the gap in unemployment rates (48th).

Nationwide, the study found black Americans hold just 3.2 percent of executive or senior-level positions, despite making up 13 percent of the population. A wide disparity also exists in the net worth of the average white family ($171,000) and the average black family ($17,150).

Wisconsin's 50th-place ranking was ahead of only the District of Columbia, while it fell right behind Illinois, Minnesota, Iowa and Michigan.

New Mexico, Alaska, Arizona, Hawaii, and Texas comprised the top five states.

To see more about the study and read about its methodology, click here.

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