black wealth gap
-
The Racial Wealth Gap Is Dizzying. Its Best Solution, Less So
The racial wealth gap is larger today than it was when The United States passed the Civil Rights Act of 1964. The average white family currently holds about 10 times the wealth of a black one, and the average income from the labor of white families stands at about two times that of black ones…
-
Ben Carson Emerges from the Sunken Place to Opine on Reparations, Dismiss Trump’s Impeachment as ‘Very Immature’
Ben Carson, whom award-winning author Kiese Laymon affectionately refers to as “Dad”, whom The Root Senior Editor Stephen Crockett Jr. refers to as “the Godfather of Mumble Rap,” and who I habitually refer to as “ain’t shit,” has a few questions about how this whole reparations thing is supposed to work. On Monday’s edition of…
-
OneUnited Bank Launches BankBlack X Campaign to Tackle Racial Wealth Gap, Encourage Financial Literacy
The black dollar is big business. With $1.3 trillion in annual buying power, the influence we wield on the global economy is undeniable. Yet far too often, we’re unable to fully capitalize on our collective monetary might. Looking to break this cycle is OneUnited Bank—the largest black-owned bank in the country—with their commitment to garnering…
-
Kamala Harris Proposes $100 Billion Black Homeownership Plan
Joining what seems like every black woman in America at Essence Fest, senator and presidential hopeful Kamala Harris unveiled a $100 billion plan to increase black homeownership that, if implemented, could serve as a major step toward closing the racial wealth gap or at least pay two or three months rent on a modest one-bedroom…
-
Amid Some Economic Gains, Black Homeownership Continues to Fall: Report
Despite record low unemployment and higher wages than in the past, substantial barriers to homeownership continue to keep black Americans from amassing wealth. A new Washington Post report collects recent studies and data on black homeownership that offers a stark view of the racial gap in housing—one that only seems to be getting worse. Citing…