The Racial Wealth Gap Could Become a 2020 Litmus Test
“The racial wealth gap is a straightforward issue that almost nobody can agree on how to fix. White people have way more money than everyone else, and it’s not just income: Although there are persistent differences in wage, salary, and benefits between races, much of the wealth gap is attributable to real estate and other individual assets, as well as disparities in familial assets and incomes. As described in a graphic in Warren’s video, and confirmed by recent studies of economic data, the median wealth of white families sits north of $100,000, while black median wealth hovers around $0, and might even be negative. And while the differences between white and black Americans are the most extreme, other underrepresented minority groups also face vast deficits relative to white families.”