Bloomberg Originals
@business·5.1M subscribers·49.5K videos
This Data Shows Your Chances of Becoming a Millionaire, and Race Is a Factor
Posted
January 21, 2016
Views
28,939
Likes
379
Comments
86
Engagement
January 21, 2016
28,939
379
86
1.61%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
2:10Now PlayingBloomberg went to economists at the St. Louis Federal Reserve with a question: would it be possible to calculate the odds of a becoming a millionaire for anyone in the U.S. weaving in traits such as age, education and race? Having already done extensive research in this area, bank researchers Bryan Noeth, Lowell Ricketts and William Emmons agreed to help. And the data shows just how much race matters in the United States.
Read the story to learn more
Like this video? Subscribe to Bloomberg Business on YouTube
Watch Bloomberg TV live at
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
