Documentary HackThe Racial Wealth Gap, ExplainedBy Joe Posner, Ezra Klein
In a Nutshell
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.
Favorite Quote
Wealth is where past injustices breed present suffering.
Mehrsa Baradaran
Introduction
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.
Here are the 3 key insights from this Hack
- 1.The power of compounding has worked for white families, but not for Black ones
- 2.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nunc volutpat, leo ut.
- 3.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nunc volutpat, leo ut.