There is a wealth-gap crisis in the United States that is threatening African-American families, Robert Johnson, chairman and founder of the RLJ Companies, told CNBC Monday.
Johnson cited several numbers and studies to prove his point, including a study by United for a Fair Economythat found for every dollar a white person earned in the US in 2001, a black person earned just 57 cents, up only two cents from 1968.
“We’re not moving forward at all,” said Johnson. “If you follow those statistics it would take African Americans 581 years to reach parity on that dollar.”