The large racial wealth gap is the starkest reminder that the country has yet to create equal opportunity for all
Righting this particular wrong necessarily will lead policymakers to discuss the value and size of reparations
. To be clear, the racial wealth gap represents the cumulative effect of hundreds of years of exploitation, oppression and discrimination that targeted policies need to address. Reparations are a redress for one particular historical wrong - slavery. to getting good jobs, owning a house, starting a business and saving for retirement as whites do. The racial wealth gap is the conglomeration of these obstacles into one number – wealth – broken down by race.Calculations Based on Federal Reserve's Survey of Consumer Finances
Just consider how the wealth of college educated African-Americans stacks up against that of whites without a college degree in 2016 as groups here are combined to preserve sufficient sample sizes. The median wealth of African-Americans with a college degree was 67.7% of the wealth of whites with a high school degree and only 10% more than the median wealth for white high school drop-outs that year. Whites with less education have a lot more wealth that African-Americans with a college degree.
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