racial wealth gap
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It’s Not Class, It’s Race: Why America Can’t Move Forward Until It Addresses the Racial Wealth Gap
We don’t tend to look at the wealth gap as a form of violence, even though it’s certainly rooted in it. Take the massacre in Wilmington, N.C. The 1898 race riot is one of those stories that have been willfully erased from history, even though it is the only coup d’état to ever take place…
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New Study Suggests Black Middle-Class Families May Have Zero Wealth in a Few Decades
Because of legalized segregation, job discrimination and racist housing policies, it’s not surprising that black and Latinx families haven’t had the same opportunities to amass wealth as white families have. But a new study—and an accompanying op-ed by one of its researchers—reveal that black and Latinx families have actually lost wealth over the last 30…
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Black Families Are 228 Years Away From Accumulating the Same Amount of Wealth as White Families
There’s still a long way to go to close the racial wealth gap—some 228 years, to be precise, according to a study by the Corporation for Enterprise Development and Institute for Policy Studies (pdf). According to the report, if the average black family’s wealth continues to grow at the same pace it has over the past…