Dreams Deferred: How Enriching The 1 Percent Widens The Racial Wealth Divide

Chuck Collins, Dedrick Asante-Muhammed, Josh Hoxie and Sabrina Terry

“Between 1983 and 2016, the median Black family saw their wealth drop by more than half after adjusting for inflation, compared to a 33 percent increase for the median White household.” This 2019 report from the Institute for Policy Studies assesses trends in household wealth among Black, Latino, and White households over the thirty years, documenting the growing racial wealth divide and the extreme concentration of wealth. The report highlights how these trends are mutually reinforcing and calls for policies that address the legacy of racism in wealth building programs and policies. 

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