Rise of the super-rich, population changes drive racial wealth gap, report says

A new report focusing on the racial dimensions of inequality in America connects the richest 10 percent of households getting richer and the wealth of the median, or typical, American family declining. The Institute for Policy Studies (IPS) report also cites low levels of black and Latino wealth, combined with their growing proportion of the population, as … More Rise of the super-rich, population changes drive racial wealth gap, report says

Black women entrepreneurs start small businesses to close the wealth gap

Despite shrinking income and education gaps between white and non-white families, black families in the United States still trail others in wealth accumulation, economists at the Federal Reserve Bank of St. Louis said in a recent report. Although black wealth increased at a faster rate than white wealth in 2016, blacks still owned less than … More Black women entrepreneurs start small businesses to close the wealth gap

Past Housing Discrimination Contributed To Wealth Gap Between Blacks and Whites In Kansas City

Sam Shockley went to school with the black students who eventually desegregated Central High School in Little Rock, Arkansas. So he was more than familiar with the harshness of racism. When he moved to Kansas City in the 1950s, he experienced a different brand of it. “Here it was more covert,” Shockley says. In the … More Past Housing Discrimination Contributed To Wealth Gap Between Blacks and Whites In Kansas City

St. Louis conference ‘celebrates’ 50 years of Fair Housing Act

Advocates concerned about persistent housing segregation in the region might question why promotional materials for the 2018 Fair Housing Conference use the word “celebrate” in reference to the Fair Housing Act. “The reality is the racial segregation that we see everywhere in this country is the product of very explicit design by the federal state … More St. Louis conference ‘celebrates’ 50 years of Fair Housing Act