racial wealth gap
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Everyone Knows There's a Racial Wealth Gap. How Do We Fix It?
This country has always had a wealth gap, and America usually fixes this problem…for white people. To cure widespread poverty during the Great Depression, the New Deal guaranteed jobs, reformed banking, built infrastructure, reimagined education and literally built entire towns filled with affordable housing… For white people. Because of segregation, Jim Crow and the newly…
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What Are Reparations and Why Are They a Hot Ticket Item in 2020? | Unpack That
Reparations for slavery is one of the hottest political topics on the 2020 campaign trail. But, who wants them? Who gets them? And why are they important? First things first: Reparations for slavery isn’t all about getting that bag. It’s part of it, for sure, but it’s also about acknowledging and reconciling a wrong. In…
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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…
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Is Racism the Reason Why HBCUs Have to Pay More for Loans Than Other Schools?
If you want to see how systemic—and endemic—racism in the U.S., follow the money. You’d see the racial wealth gap—a phenomenon that has only gotten worse, even as unemployment rates for black Americans dip. You’ll see predatory loans, which disproportionately affect people of color (and which helped fuel the housing crisis). You’ll also see that…
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No, Personal Responsibility Won’t Solve Inequality: New Study Dispels Common Myths Behind Racial Wealth Gap
Much has been reported about the racial wealth gap—but much is still misunderstood. A new report on the wealth gap focuses on the stubborn, pervasive myths that inform people’s understanding of America’s racial wealth disparity—and points readers in the direction of real solutions. The report, “What We Get Wrong About Closing the Racial Wealth Gap”…
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New Research Proves That All Things Being Equal, Nothing Is Equal for Black Boys
Perhaps you’ve heard the decades-old conservative cure for systematic racism. When confronted with any statistic that shows widespread inequality, Fox News watchers, people who own “Make America Great Again” paraphernalia, and even Hillary Clinton and Bernie Sanders supporters who “don’t see color” all propose the same theory: If “the blacks” concentrated on family, hard work…
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50 Years After Kerner Report Criticizing Representation of Black People in Media, Some Say It Wasn’t Taken Seriously
Media Were ‘Shockingly Backward’ on Blacks Tweets Show Media Are Considered Clueless . . . Income Inequality, Wealth Gap Have Widened Tapper Blasts Politicians Who Meet With Farrakhan Unity Votes to Dissolve Indian Country Today Revived; Trahant to Edit Amy Holmes to Co-Host Conservative PBS Show Brazile Calls Russian Hacking ‘National Emergency’ RTDNA Asks Journalists…
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Wait Till I Get My Money Right: The Budgetnista’s Anti-Broke Cure for 2018
Tiffany Aliche, aka “the Budgetnista,” lives an all-cash life: Houses, cars, vacations—all paid for in cash. This preschool teacher-turned-women’s financial educator knows that everything you need to know about how to manage your money, you did not learn in kindergarten. She is the author of the Amazon No. 1 best-selling book The One Week Budget:…
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Everything You Need to Know About the GOP’s Tax Heist but Were Afraid to Ask
Congress is poised to pass a piece of legislation that will amount to a $1.5 trillion tax hike for Americans who don’t have trust funds, silver spoons or monocles. No one knows what is in the final bill because Republicans have added more changes than Kim Kardashian’s plastic surgeon, but luckily The Root always has…
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The Median Net Worth of Black Bostonians Is Lower Than the Cost of Lunch
There isn’t a whole lot you can get in a major East Coast city for $8. Meals at most lunch spots, once you include tax, will run higher than that (a Shake Shack double costs $8.09, for example). But that amount—a measly $8—is making the rounds thanks to a Boston Globe spotlight investigation that delves…