Photos: EPI\YouTube Screenshots
Most American families’ wealth is closely tied to the value of their home, but this tie is even stronger for Black and brown families. However, a legacy of exclusionary zoning and other forms of explicit housing discrimination has curtailed the accumulation of wealth among Black families.
EPI: Black family wealth vs. white family wealth.
In fact, the typical Black family has just one-eighth the wealth of the typical white family. Read Chasing the Dream of Equity: How Policy Has Shaped Racial Economic Disparities
Racial disparities ‘will continue to persist and evolve’ if they’re not addressed
“Racial economic disparities have existed throughout the course of time,” said EPI’s Adewale Maye, in an interview with Capital B covering his report Chasing the Dream of Equity. “We’re going back 60 years [since the March on Washington], but these disparities will continue to persist and evolve over time unless we make meaningful gains to addressing and redressing the structural problems.” Read the article
