African-Americans’ Wealth A Fraction That Of Whites Due To Systematic Inequality
“The massive wealth gap between African-Americans and whites starkly illustrates this. African-Americans only have a fraction of the wealth that whites have . This leaves them much less prepared for an emergency and with fewer resources to invest in their own future such as moving to a good neighborhood, starting a business, and sending their children to college. African-American economic mobility consequently remains well below that of whites. And they tend to face more struggles in old age with less wealth.”