Related Content
Infographic: 3 Things that Contribute to the Racial Wealth Gap
By 2043, it is estimated that the majority of the U.S. population will be comprised of people of color. To build the economy of tomorrow, we need to address three challenges today.
Oct 2015
Closing the Racial Wealth Gap
Speaking yesterday at the opening plenary of Prosperity Now's biennial Assets Learning Conference, Thomas Shapiro and Melvin Oliver outlined four strategies for eliminating the United States' racial wealth gap. Shapiro and Oliver are authors of Black Wealth/White Wealth, a flagship work on wealth and inequality. Speaking to a crowd of over 1,000 advocates and service providers from all over the United States, Shapiro and Oliver linked historical practices such as redlining and discrimination by the federal housing administration, insurance companies and financial institutions and today's subprime lending crisis. Shapiro and Oliver pointed out that today—in 2010—the average African American household owns 10% of the wealth of the average white American household—a chilling statistic which hasn't changed since the 1980s.
Sep 2010
The Racial Wealth Gap is Toxic Inequality
Read a recap from last week's 2014 Color of Wealth Summit hosted by the Center for Global Policy Solutions (CGPS) and the Insight Center for Community Economic Development.
May 2014
The Roots of the Widening Racial Wealth Gap: Explaining the Black-White Economic Divide
Wealth inequality has become central to the debate over whether our nation is on a sustainable economic path
Mar 2013