Pay Me My Money: Part 1 How The Racial Wealth Gap Affects Black Households Today
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Pay Me My Money: Part 1 How The Racial Wealth Gap Affects Black Households Today
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What is the racial wealth gap?
Although the term "racial wealth gap" technically refers to the difference in assets owned by different racial or ethnic groups, this gap results from a range of economic factors that affect the overall economic well-being of these different groups. The term reflects disparities in access to opportunities, means of support, and resources. The racial wealth gap is the largest of the economic disparities between Black and white Americans, with a white-to-Black per capita wealth ratio of 6 to 1. It is also among the most persistent.
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