It has become increasingly evident that the “post-racial America” widely discussed after the election of the nation’s first Black president was a pre-Trump example of “fake news.” On this 90th birthday of Dr. Martin Luther King Jr., we know there has been only nominal progress and even outright regression of wealth accumulation for African Americans and Latinos in America.
From the emergence of Black Lives Matter to the Dreamers movement we have seen youth of color standing up against injustice targeted towards their community. While these movements were broadcast on television and social media, a far less visual attack took place on the economics of Black and Latino households.
In our new report, co-authored with Chuck Collins and Josh Hoxie of the Institute for Policy Studies, “Dreams Deferred: How Enriching the One Percent Widens the Racial Wealth Divide,” the primary trend outlined in our findings shows wealth concentrating into fewer and fewer hands over time.
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