Why The Racial Wealth Gap Is So Hard To Close
A new study shows the simple math of why — absent radical measures — America's racial wealth gap won't be closing anytime soon.
wealth gap
Home prices are up. For Black families, is selling Grandma's house the right choice?
Fast-rising home prices are creating opportunities for some longtime Black homeowners. Those high valuations can also raise big questions about the best way to tap into that wealth.
Black And Latino Homeowners Are About Twice As Likely As Whites To Get Low Appraisals
A new analysis by Freddie Mac has found that only 7.4% of appraisals in majority-white census tracts came in below contract price, compared with 12.5% for Black areas and 15.4% for Latino ones.
Too Little, Too Much: How Poverty and Wealth Affect Our Minds
We all know the downsides of being poor. But what about the downsides of being rich? This week, we explore the psychology of scarcity...and excess.
Black, Latino Two-Parent Families Have Half The Wealth Of White Single Parents
New data illustrate how deeply entrenched the racial wealth gap is. The reasons traverse the historical and deliberate exclusion of people of color from economic institutions and government programs.
Amid A Business Boom, A Wealth Gap Between Races Leaves Some Struggling
The growing gap between America's rich and poor plagues many cities, including Boston, where the economy is flourishing. But a legacy of racial discrimination has left a huge wealth divide.
Why One Democratic Congresswoman Wants To Drug-Test The Rich
Rep. Gwen Moore's bill is unlikely to go anywhere in the GOP-controlled House, but it seems more designed to troll Republicans anyway.
For Some, Powerball's Promise Wasn't Just A Big Payout — But Stability, Too
Forget the fantasy of luxury. NPR's Michel Martin says that, when small fees can be more common — and more crippling — for many African-Americans, the notion of financial security is fantasy enough.
Wealth Gap Between Races Widened During Recession, Study Says
According to the Pew Research Center, white, black and Hispanic households all lost wealth during the recession, but nonwhites saw the disappearance of a much greater percentage of their net worth.