The rapid expansion of the Wall Street bonus pool over the past few decades has contributed to race and gender inequality. Wall Street banks handed out $23.9 billion in bonuses...
In this report, we look at trends in the racial wealth divide over the past several decades as well as what it will look like several decades from now if current trends continue. Our findings show that without a serious change in course, the country is heading towards a racial and economic apartheid state.
The report calls on the Trump administration and Congress to consider a range of policy options to help close the racial wealth divide.
The report was authored by
Chuck Collins, Director of the Program on Inequality at the Institute for Policy Studies, where he coedits Inequality.org.
Dedrick Asante-Muhammad, Senior Fellow, Racial Wealth Divide at Prosperity Now.
Josh Hoxie, Director of the Project on Opportunity and Taxation at the Institute for Policy Studies.
Emanuel Nieves, Senior Policy Manager at Prosperity Now.
For press inquiries contact Jessicah Pierre at Jessicah@ips-dc.org.
Inequality.org's Chuck Collins on CSPAN Washington Journal talking about the new loan sharks --deploying contract-for-deed transactions to strip wealth from ...