White males out-earn all others in America’s finance industry

The dominance of the financial services industry in the US has entrenched income inequality between white males and women and ethnic minorities, a long-term study has found.

Research over a 30-year period involving universities in Leeds, Cambridge and Bath explored the income of women and men from Hispanic, white, and African-American backgrounds, finding white men are becoming wealthy at the expense of these groups.

The increase of earnings in managerial positions was four times greater for white men than their African-American counter-parts, the research found.

Read more at University of Bath, University of Cambridge, University of Leeds