The typical Black family in the United States has just one-tenth the wealth of the typical White one. This consequential inequality persists despite continued efforts by Black Americans to build wealth throughout the country’s history. Nearly 250 years of slavery followed by relentless oppression, discriminatory policies and deliberate exclusion from opportunities such as the GI Bill and key aspects of the New Deal have made wealth accumulation for the Black population virtually impossible. This discrimination has had cumulative, multi-generational consequences that directly impact inheritance. But it also profoundly affects education, employment, income and health.
Washington Post Live brings together prominent thought leaders and scholars on Monday, Dec. 14 at 2:00 p.m. ET to discuss the complex and intersectional factors that have allowed the Black-White wealth gap to endure and identify remedies – both cultural and policy-based – that address racial wealth inequality today.
Stream here: wapo.st/futureresetdec14