Reports state that median Black wealth may reach zero by 2053
The median wealth of Black Americans will plummet to zero by 2053, if things remain as they currently are. … Read the full article at the Grio.
Black Americans’ Median Wealth Could Disappear in One Generation
It’s no secret that, as the saying goes, “The rent is too damn high.”Across the nation, housing is becoming increasingly expensive for many Americans. But the story of the present-day housing […]
Median US Black Wealth on Track to Reach $0 By 2053
By 2053, median White household wealth is set to reach $137,000. By 2020, median Black and Latino households stand to lose nearly 18% and 12% of the wealth they held […]
REPORT: Still A Dream: Over 500 Years to Black Economic Equality
60 years after the March on Washington for Jobs and Freedom, the racial wealth divide persists.
Sixty Years After MLK’s “I Have A Dream” Speech, New Report Projects Over 500 Years To Achieve Black Economic Equality
Sixty years without substantially narrowing the Black-white wealth divide is a policy failure. But just as federal policy helped create the racial wealth gap, it can also help close it.
Taxes on the Wealthy Could Fund Reparations—and Create a More Equal America for Everyone
Congress should establish a national commission to examine the legacy of slavery and propose reparations funded by breaking up concentrated wealth in the United States.
The Boldest Step to Close the Racial Wealth Divide in Generations
One state’s “Baby Bonds” program should be a model for the whole country.
The Great Migration Failed to Bridge the Racial Wealth Divide. What’s Next?
Real and lasting economic opportunities for Black families will come only through a serious national reckoning on race.
Crypto Is a Risky Bet for Black Americans
There are better ways to close the racial wealth gap while giving a leg up to Americans of every color.
Closing the Racial Wealth Gap
Racial wealth disparities between Black and Brown Americans and White Americans remain significant, according to 2019 data from the Federal Reserve. For example, based on a 2019 survey, the median […]
In Gossip Girl Reboot, Wealthy Teens Grapple With Their Privilege. Is That Enough?
The classic teen drama returns. This time, with class consciousness.
11 Charts on Taxing the Wealthy and Corporations
Here’s everything you need to know about the urgency of fair tax reforms to pay for vital public investments and reverse extreme inequality.
Rebuilding Black-Owned Businesses after COVID-19
The pandemic hit Black entrepreneurs especially hard. To recover, we need to treat the pre-existing conditions.
How the CEO-Worker Pay Gap Deepens Income and Wealth Inequality
While working families are suffering under the pandemic, corporate boards have bent the rules to protect massive CEO paychecks.
Black Families Have a Major Stake in the Future of the Postal Service
USPS is a vital source of decent jobs for Black workers. It could also narrow the racial wealth divide by expanding financial services.