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Your Take: How the Racial Wealth Gap Hurts Children of Color
A white acquaintance who grew up wealthy in the South in the 1940s had the family gardener’s son, an African-American boy, as his earliest best friend. He remembers vividly what happened when he asked his mother if his friend could join them for lunch. She put the black child at a table in the kitchen…
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Even Further Behind the Joneses
The chips are in. Every three years, the Federal Reserve, in its Survey of Consumer Finances, takes a look at how households in the United States are doing and reports on our assets and liabilities. The euphoria of our gambling spree is over. In the harsh glare of morning, the hangover’s tough. And the data…