What explains The racial wealth gap?

The racial wealth gap, which looks at a person’s total net worth, is much wider than the gap between annual incomes, and it has gotten even wider since the Great Recession , when people of color were hit the hardest. This gap will likely have lasting ramifications.

What causes the wealth gap?

The conversation we are having asserts that poverty, the wealth gap and income inequality are caused by external factors such as: Government policies that favor the rich and punish the poor. Wealthy people exploiting poor people (99\% vs. 1\%) A sluggish economy. Wall Street politics that game the system. Capitalism.

What is behind the persistence of The racial wealth gap?

The current racial wealth gap is the consequence of many decades of racial inequality that imposed barriers to wealth accumulation either through explicit prohibition during slavery or unequal treatment after emancipation.

What is The racial wealth gap?

The racial wealth gap is a pervasive inequity in this country that has lasted for too long. It is important that we understand the historical roots of wealth inequality, and how poverty rates and wealth inequality disproportionately affect communities of color.

Is wealth inequality a bad thing?

Wealth inequality is not a bad thing. As a matter of fact, wealth inequality is a healthy and necessary component of a growing economy. An economy that has no wealth inequality will, most certainly, stagnate and die leaving widespread poverty behind.

Why was The racial wealth gap persists in America?

The racial wealth gap is in part aggravated by the fact that the wealth gap in the United States – across races – is widening significantly. As wealth increasingly concentrates at the top, fewer and fewer Americans have opportunities to inherit wealth or generate new wealth.