If There Is Systemic Racism in America, Then Why Is There So Many Black Millionaires?

Abstract

I used the standard deviation and mean across four races of millionaires and non-millionaires, to calculate Z-scores, then plotted scores on a standardized Z distribution with quantiles. My research question was simple: If there is systemic racism in America, then why are there 1,621,600 Black millionaires? The fact Black Americans are normally distributed, similar to all the other races, in terms of being classified as net worth millionaires, is clear proof contrary to the proposition that America is systemically racist. Asian, White, Black, and Hispanic races were statistically the same on the standard normal distribution. However, White non-millionaires were the only race to have a significant, unusual z-score (-2.43), with a p. < .01 the chance of being a White non-millionaire in the United States is not random. Moreover, there are far too many Black millionaires for the evils of systemic racism in America to be real.