The Ever-Growing Gap: Without change, African-American and Latino families won't match White wealth for centuries

Dedrick Asante-Muhammed, Chuck Collins, Josh Hoxie and Emanuel Nieves

Between 1983 and 2013, the average wealth of white American families grew by 84 percent—three times and 1.2 times the growth experienced by African American and Hispanic American families respectively. The Institute for Policy Studies (IPS) and CFED examine this and other racial wealth gap trends in their new report, and offer policy solutions to reduce wealth inequalities which include: conducting a government-wide audit to examine the ways in which current federal policies perpetuate racial wealth inequality, creating universal children’s savings accounts, and exploring progressive taxes such as a wealth tax.

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