Black People Politics : wealth-gap-is-structural

Discussion in 'Black People Politics' started by jamesfrmphilly, Feb 6, 2017.

  1. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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    http://thegrio.com/2017/02/06/new-racial-wealth-gap-report-finds-that-wealth-gap-is-structural/

    New racial wealth gap report finds that wealth gap is structural

    A new report examining the racial wealth gap between African-American, Latino, and white households found that the gap is structural and fueled by public policy.
    thegrio.com



    new report issued by Demos and the Institute for Assets & Social Policy (IASP) at Brandeis University’s Heller School for Social Policy and Management examining the racial wealth gap between African-American, Latino, and white households found that the gap is structural and fueled by public policy.

    The report found that the gap is not affected by college attendance, two-parent households, full-time jobs or lower spending. All of these explanations have been put forth to explain the wealth gap, but all were found not to make a significant difference in closing the gap.

    For centuries, white households enjoyed wealth-building opportunities that were systematically denied to people of color. Today our policies continue to impede efforts by African-American and Latino households to obtain equal access to economic security,” said Amy Traub, who is the Associate Director of Policy and Research at Demos and co-author of the report.
     
  2. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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    :11100:hard to pull yourself up by your bootstraps when the system is rigged against you....
     
  3. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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  4. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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  5. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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  6. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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  7. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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  8. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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    https://www.bloomberg.com/news/arti...ason-whites-are-richer-than-blacks-in-america

    The Big Reason Whites Are Richer Than Blacks in America

    Inheritance matters a lot more than previously thought. Guess who’s getting the lion’s share.
    bloomberg.com


    whites are five times as likely as blacks to receive substantial gifts and inheritances, and the sums they get tend to be much larger. The money “can be used to jump-start further wealth accumulation, for example, by enabling white families to buy homes and begin acquiring equity earlier in their lives,” the study says.
     
  9. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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  10. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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    https://www.bloomberg.com/view/articles/2017-02-27/home-equity-and-the-white-black-wealth-gap

    Homeownership and the White-Black Wealth Gap

    The financial system has kept buying out of reach for too many black Americans.
    bloomberg.com


    A recent study by the Urban Institute's Housing Finance Policy Center found that as of 2015, the black homeownership rate stood at just 41.2 percent -- the lowest level since the 1960s, when racial discrimination was still legal.
    That fell far short of the rate for whites, which exceeded 70 percent
     
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