Tag Archive

economic inequality

#USIH2020 Roundtable: African-American Intellectuals and Their Critics

Amidst the publicized social unrest this summer, The Washington Post published an article regarding the role of wealth accumulation in racial communities throughout the country. Its goal was to show how the stagnation of Black wealth specifically provides a connective structure for social upheaval, and the figures remain staggering. “In 1968, a typical middle-class Black household had $6,674 in wealth compared with $70,786 for the typical middle-class white household, according to data from the historical Survey of Consumer Finances that has been adjusted for inflation. In 2016, the typical middle-class Black household had $13,024 in wealth versus $149,703 for the Read more