The Ever-Growing Gap: Failing to Address
the Status Quo Will Drive the Racial Wealth Divide for Centuries to Come
08 Aug
2016
In the last decade, we have
seen the catastrophic economic impact of the Great Recession and an ensuing
recovery that has bypassed millions of Americans, especially households of
color. This period of economic turmoil has been punctuated by civil unrest
throughout the country in the wake of a series of high-profile African-American
deaths at the hands of police. These senseless and violent events have not only
given rise to the Black Lives Matter movement, they have also sharpened the
nation’s focus on the inequities and structural barriers facing households of
color.
America’s Financial Divide: The Racial
Breakdown of U.S. Wealth in Black and White
28 Jan
2016
The major sources of wealth
for most of the super rich are inheritances and in life transfers. The big
reason is racial differences in access to resources to transfer to the next
generation. The practices of enslavement, violence, Jim Crow, discrimination
and dispossession of property have kept generations of African Americans from
accruing the type of wealth that whites in the top 1 percent have today.
Most famous of all New-Deal images is “After the Louisville Flood,” by photographer Margaret Bourke-White, which features black flood victims in line at a relief agency being virtually run down by the looming white family of the “American Way” billboard beside them
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