Most media coverage of racial injustice has understandably focused on our country’s unfair policing and criminal justice system. But to fully understand the current reality of racial inequality in America, we also need to take an honest look at our nation’s shocking wealth disparities.
Wealth — the total assets a family owns after the bills are paid — is the safety net we all need to help us get through the tough times and invest in our futures. And its polarization along racial lines is striking.
“Generations of racial discrimination in programs like housing and government benefits are now reflected in dismal bank statements and paltry retirement funds for blacks and Latinos.”