
An MLK Day Reflection: The Racial Wealth Gap Is Killing the Middle Class
Ninety years out from Dr. King’s birth, the typical white family had 41 times more wealth than the typical Black family
Ninety years out from Dr. King’s birth, the typical white family had 41 times more wealth than the typical Black family
That’s three people versus about 160 million people.
New research shows that if the growing racial wealth divide is left unchecked, median Black and Latino families will become penniless within a few decades. It doesn’t have to be this way.