The Racial Wealth Gap

The Receipts (Show Notes)

The Road to Zero Wealth: How the Racial Wealth Divide is Hollowing Out America’s Middle Class

Authors: Dedrick Asante-Muhammad, Chuck Collins, Josh Hoxie, Emanuel Nieves

Date: September 2017

• Median household wealth for Black families = $1,700
• Median household wealth for white families = $116,000
• The median black family is estimated to have $0 in wealth by the year 2053

The Hidden Cost of Being African American: How Wealth Perpetuates Inequality.
Author: Thomas Shapiro
Date: 2004
“…money that is acquired through family that allows for social mobility beyond what their current income level would allow for.”

Bank admits it owned slaves (The Guardian)
Author: David Tether
Date: January 21, 2005

Insurance Policies on Slaves: New York Life’s Complicated Past (New York Times)
Author: Rachel L. Swarns
Date: Dec. 18, 2016

Equal Pay Days
April 17, 2018 – White women
August 7, 2018 – Black women

The Color of Law: A Forgotten History of How Our Government Segregated America
Author: Richard Rothstein
Date: 2017

A ‘Forgotten History’ Of How The U.S. Government Segregated America (NPR)
Author: Terry Gross
Date: May 3, 2017

The Rise and Fall of Affirmative Action (The New Yorker)
Author: Hua Hsu
Date: October 15, 2018

Americans Pay Almost as Much for Child Care as They Do for Rent (Money Magazine)
Author: Daniel Taub (Bloomberg)
Date: August 31, 2018

“The average cost of child care in the U.S. is $1,385 a month, according to a HotPads analysis of a Care.com index. That’s slightly less than the median rent payment of $1,500 a month across the country, said HotPads, a unit of Zillow Group Inc.”

Black Women’s Equal Pay Day

equalpaytoday.org

Explained – Racial Wealth Gap (Netflix- 2018)