What Explains the Racial Wealth Gap?

What Explains the Racial Wealth Gap?

No myth around around our staggering racial wealth divide may be more entrenched than the notion that black and brown people have less money because they’ve made poor personal decisions. Tom Shapiro, a professor at the Institute on Assets and Social Policy, and his...
The Racial Wealth Gap Persists Through Retirement

The Racial Wealth Gap Persists Through Retirement

Welcome to 2017! President Obama has exited the stage, and a Trump presidency is now reality. If you’re still not shocked, remember this: Right now, more than half of all Black families in the United States today have no retirement wealth at all, meaning they will...
Health Care Repeal Is a Stealth Tax Break for Millionaires

Health Care Repeal Is a Stealth Tax Break for Millionaires

Great magicians are masters of diversion. They attract our attention with one hand while using the other to trick us into thinking a supernatural act is taking place. But even the best street performers could learn a lesson from the folks in Congress who are trying to...
We Can Reverse Generations of Racial Economic Inequality

We Can Reverse Generations of Racial Economic Inequality

Without a course correction, French economist Thomas Piketty warned, we are hurtling toward a grotesquely unequal future. A future governed by a hereditary aristocracy composed of the progeny of today’s billionaires. In his assessment, however, Piketty overlooked the...
America’s Staggering Racial Wealth Gap Is Getting Worse, Not Better

America’s Staggering Racial Wealth Gap Is Getting Worse, Not Better

Two years ago this month, Michael Brown was shot by a white police officer in Ferguson, Missouri, sparking months of sustained protests and helping to ignite the Black Lives Matter movement. While police violence and inequities in our criminal justice system have...
The Wealth Gap Between Black and White Families Is Getting Worse

The Wealth Gap Between Black and White Families Is Getting Worse

The U.S. Constitution was ratified a full 228 years ago.  The cutting edge technology that year was the steamboat, and the country had not yet even had a presidential election. If 228 years seems like a really long time, that’s because it is. But if current trends...
Report: Ever-Growing Gap

Report: Ever-Growing Gap

The Ever-Growing Gap: Failing to Address the Status Quo Will Drive the Racial Wealth Divide for Centuries to Come Racial and economic inequality are the most pressing social issues of our time. In the last decade, we have seen the catastrophic economic impact of the...
America’s Huge Racial Wealth Gap Is No Accident

America’s Huge Racial Wealth Gap Is No Accident

Party platforms are dense and often morosely boring documents filled with wonkish policy proposals and partisan jeers at the other side. At over 40 pages, this year’s Democratic Party platform lives up to its predecessors in length and ennui. However, it also includes...
Zuckerberg on Track for Trillionaire?

Zuckerberg on Track for Trillionaire?

Depressed global markets in recent months have taken their toll on the world’s billionaires, as cheap oil and China’s fledgling economy have shrunk investments. That is, unless your name is Mark Zuckerberg. The Facebook founder saw his wealth jump by $5 billion since...
The Latest on the Racial Wealth Gap

The Latest on the Racial Wealth Gap

Understanding the growing divide between the haves and the have-nots in a country as large as the United States is difficult to do with just anecdotal evidence and personal experience. Fortunately, we are the beneficiaries of the hard work of a number of venerable...
Addressing the Top and Bottom of the Rising Wealth Gap

Addressing the Top and Bottom of the Rising Wealth Gap

  Why do you believe the income gap by race has increased tremendously in the past decade? The racial wealth gap in America is not new. There is a longer history that is crucial to understanding recent economic trends. However, it is true that the wealth gap by...
Racial Wealth Inequality and the Dream Deferred

Racial Wealth Inequality and the Dream Deferred

The marches in the streets may have been provoked by police conduct in Ferguson and Staten Island.  But there is a deeper dream that has been deferred. The gap between white wealth and Black wealth has grown since the end of the Great Recession of 2007-2009. According...