Toxic Inequality: Race, Mobility, Wealth and Politics in Today’s America
Prosperity Now and New America held a conversation on Wednesday, April 19 on the racial wealth divide, public policy and the politics that continue to deepen our financial, racial and social divides.
Race and economics have been tied together by public policy since America’s founding. Today, African American and Latino families face a racial wealth divide that sees them owning just $11,000 and $13,700 in median wealth, respectively, compared to the $142,000 White households own.
In his new book, Toxic Inequality: How America’s Wealth Gap Destroys Mobility, Deepens the Racial Divide and Threatens Our Future, Thomas M. Shapiro, Director of the Institute on Assets and Social Policy at Brandeis University, follows nearly 200 families of different races and income levels over a 12-year period and explores the toll of induced wealth disparity and racial inequality on parents and their children. Shapiro argues that inequality not only limits the economic potential of African Americans, Latinos and other communities of color, but if unaddressed, it also stands to threaten our collective future.
- Thomas M. Shapiro Director, Institute on Assets and Social Policy at Brandeis University
- Cecilia Muñoz Vice President for Policy and Technology at Director of the New America
- Jeremie Greer Vice President of Policy and Research, Prosperity Now