Racial wealth gap widens: Black middle class only 15% of White wealth.
"Black Wealth, White Wealth" shows how Black Americans have significantly less wealth than White Americans, even when they earn similar incomes. This is due to historical policies that limited Black access to wealth-building opportunities like land and housing. The authors highlight how discrimination in housing and business ownership has deepened economic disparities. Globalization and deindustrialization have also negatively impacted Black economic well-being by eliminating many industrial jobs.