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The Racial Wealth Gap, Explained Summary

Joe Posner

The Racial Wealth Gap, Explained

by Joe Posner

The Racial Wealth Gap, Explained

Joe Posner

Clock Icon5 min
Insight Icon3 key insights
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This documentary explores how slavery, housing discrimination, and centuries of inequality in America all helped to create a massive gap between the wealth held between Black and white families in the U.S., a divide that continues to grow today.

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The Racial Wealth Gap, Explained

by Joe Posner

The Racial Wealth Gap, Explained

Joe Posner

Overview

While many strides have been made towards racial equality in the U.S., there are still many barriers that remain in place. One of the most significant barriers standing in the way of true equality is the racial wealth gap.

The racial wealth gap is a measurement comparing the wealth of the average white American family to that of the average Black American family. Wealth, in this instance, is measured as savings and assets minus debt. The wealth of the average white household is $171,000, while the average black household is $17,600. Throughout the past 60 years, this already significant gap has grown, and continues to grow to this day.

Where does this gap come from, and why is it continuing to grow? Here, Cory Booker, Mehrsa Baradan, and other prominent figures working to address the racial wealth divide in the U.S. tackle these questions. Learn what the racial wealth gap is, why it's growing, and what we can do about it.

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Favorite Quote

"Wealth is where past injustices breed present suffering."

Mehrsa Baradaran

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The Racial Wealth Gap, Explained

Joe Posner

Watch this documentary on Netflix
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