A new video from Inequality.org contributor Antonio Moore explains the wealth disparities between black and white families in the US.
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.
The Bank's annual World Development Report distorts data to dismiss concerns about inequality and promote a deregulatory approach to new technologies.