The Economic Impact of Closing the Racial Wealth Gap

BY: Nick Noel, Duwain Pinder, Shelley Stewart, and Jason Wright

"There is a wide and persistent gap between white and black families...The widening racial wealth gap disadvantages black families, individuals, and communities and limits black citizens’ economic power and prospects, and the effects are cyclical. Such a gap contributes to intergenerational economic precariousness: almost 70 percent of middle-class black children are likely to fall out of the middle class as adults."