When he takes office on Jan. 20, Joe Biden will face a gap between Black and white wealth that has grown into a yawning chasm during the past 10 months. The pandemic has shuttered tens of thousands of businesses and left millions out of work. And communities of color have borne the brunt of the …
Biden’s big challenge: A growing racial wealth gap Read More »
Black workers are more likely to be out of a job, to have lost income or to have left the labor market altogether, economic data and surveys show. The economic meltdown that has devastated the country amid the coronavirus pandemic has proven uniquely damaging for black Americans, threatening to exacerbate an already staggering racial wealth …
Mounting unemployment crisis fuels racial wealth gap Read More »
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 …
Racial Inequality Is Hollowing Out America’s Middle Class Read More »
Next month is Black History Month. We will hear stories about black Americans and their successes in this country against the barriers (slavery, Jim Crow, poll tax just to name a few) thrown in their paths. Yet for every success story, there is still the nagging fact that the median net wealth of white households …
Here’s Some History to Help Understand the Racial Wealth Gap Read More »
Madeline Messa is a 3L at Syracuse University College of Law. She graduated from Penn State with a degree in journalism. With her legal research and writing for Workplace Fairness, she strives to equip people with the information they need to be their own best advocate.
