Racial Inequality Is Hollowing Out America’s Middle Class
America’s middle class is under assault. And as our country becomes more diverse, our racial wealth gap means it’s also becoming poorer. Since 1983, national median wealth has declined by 20 percent, falling from $73,000 to $64,000 in 2013. And U.S. homeownership has been in a steady decline since 2005. While we often hear about the struggles of …
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