racial wealth gap
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How This Black Woman Is Helping Advance Black Pathways Toward Financial Freedom
Thasunda Brown Duckett is considered one of the most powerful women in banking. She is currently the CEO of Chase Consumer Banking at JPMorgan Chase and helps lead Advancing Black Pathways. The initiative serves as an opportunity to “help black people chart stronger paths toward economic success and empowerment.” In this episode of A Word,…
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Reps. Ilhan Omar and Ayanna Pressley Propose Massive Student Debt Relief Plan Ahead of Coronavirus-Spurred Recession
The fight against the coronavirus outbreak is a global endeavor, and as local and national governments around the world scramble to manage the global health crisis, they must also prepare for another devastating reality: a global recession. Making sure aid is equitable and effective is the burden laid upon American lawmakers and public officials—especially in…
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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…
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More Than Half of Homeless Families Are Black, Government Report Says
More than half a million Americans experienced homelessness in 2019—a number that has slowly ticked upward in recent years. Of the families that make up that number, the Annual Homeless Assessment Report to Congress finds that 52 percent are black. Of an estimated 568,000 Americans who were without shelter last year, individual black Americans comprised…
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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…
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ACLU Files Suit Against South Carolina's Wealth-Based Driver's License Suspensions
The American Civil Liberties Union has filed a federal lawsuit challenging the South Carolina Department of Motor Vehicles’ policy of automatically suspending the driver’s licenses of people unable to pay traffic tickets, a policy which disproportionately affects poor and nonwhite people. Along with the ACLU of South Carolina, Terrell Marshall Law Group PLLC, the Southern…
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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…
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Democratic Candidates Talk Black Money Matters at South Carolina Forum
With more than 20 (at last count) Democrats in the running to win the party’s presidential nomination, it’s probably more important than ever to differentiate oneself, especially among black voters, one of the most important voting blocs in the Democratic Party primary. Four of those candidates took part in a forum Saturday where they offered…