You Searched For "racial wealth gap" and got 20 results
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2 mins read
Giving new babies a savings account can help curb wealth gaps and make college feasible. One Democrat wants to make it federal law.
Senator Bob Casey's proposal for automatic savings accounts for every kid in the US plays on a popu…
Juliana Kaplan
2 mins read
Union households tend to have over $100,000 more in wealth than nonunion families, Federal Reserve data shows
Union households hold just over $330,000 in median wealth, but the vast majority of US workers aren…
Juliana Kaplan
3 mins read
The economic recovery is booming, but Black women are still getting left behind
In February, fewer Black women were actively looking for work and more were unemployed, even as rec…
Juliana Kaplan,Madison Hoff
2 mins read
Biden could wipe out 30 million student-loan borrowers' debt loads with $50,000 in relief but $10,000 would still turn a third of their balances to zero
Data provided by Sen. Elizabeth Warren's office also found that $10,000 in student-loan forgiveness…
Ayelet Sheffey
4 mins read
Fintechs helped Black-owned small businesses get access to PPP loans during the pandemic more than banks did. It's weird.
A working paper finds automation may have helped Black businesses's access to PPP loans, but AI als…
Madison Hoff
2 mins read
The uneven impact of the $1.7 trillion student debt crisis on Black Americans is 'entirely unsustainable,' Chuck Schumer and NAACP's Derrick Johnson say
The racial wealth divide will not subside "so long as student debt continues to grow at its current…
Ayelet Sheffey
3 mins read
The homeownership gap between Black and white Americans hasn't been this wide in 100 years
Despite anti-discrimination laws passed in the 1960s, it's "a market failure" says one researcher —…
Jason Lalljee
4 mins read
A Black couple who retired early says there's a 'Black tax' on common wealth-building strategies
Julien and Kiersten Saunders say there's a "Black tax" in the FIRE movement that ignores individual…
Leo Aquino
3 mins read
Paid family leave is one of the most glaring cuts in Biden's slimmed-down economic agenda, and it could leave women and families of color behind
"It's really critical to making sure that all women can participate in the workforce," Jocelyn Frye…
Madison Hoff,Juliana Kaplan
3 mins read
Businesses are desperate to hire, but Black workers' unemployment went up in August: 'It's not that you can't find anybody - you can't find the people you want'
It's "the self-evident discrimination in the labor market revealing itself," Howard University prof…
Juliana Kaplan,Andy Kiersz
2 mins read
Self-employed people are 4 times wealthier than workers, on average
Wages for American workers have been shrinking for decades. Their self-employed peers tend to have …
Juliana Kaplan
3 mins read
Why a 'colorblind' approach to economic policy doesn't work in closing the racial wealth gap
Kyle Strickland of think tank the Roosevelt Institute said we need a more equitable distribution of…
Paul Constant
1 min read
People of color pay higher rental fees than their white peers, report finds
Black, Latinx, and Asian and Pacific Islander tenants on average paid higher security deposits than…
DeArbea Walker
2 mins read
The average female college grad gets a $35,000 starting salary - not much more than the typical borrower's student-debt load, report finds
The American Association of University Women found female borrowers held $31,276 in student debt on…
Ayelet Sheffey
3 mins read
Black Americans who didn't finish college are just as likely to have student debt as a white borrower with an advanced degree
US Census Bureau researchers found student debt is tied to any attempt at education, regardless of …
Ayelet Sheffey,Andy Kiersz
3 mins read
Almost 70% of Black workers in Southern California who lost their jobs said they were still looking for work a year after the start of the pandemic
A survey of 2,000 Black workers in Southern California found that 45% who faced discrimination in t…
Juliana Kaplan,Madison Hoff
2 mins read
Sending 4th and 5th stimulus checks could keep 12 million Americans out of poverty, report finds
The Economic Security Project found that stimulus checks are faster and more impactful for lifting …
Ayelet Sheffey
3 mins read
Stocks have been a better investment than real estate since the 1950s — and it's one big reason for the racial wealth gap
White Americans put more of their wealth in the stock market. It's appreciated five times more than…
Jason Lalljee,Madison Hoff
2 mins read
DC adds to the growing number of major cities calling on Biden to cancel student debt
Washington, DC joined Philadelphia, Cambridge, and Boston in passing a resolution calling on the go…
Ayelet Sheffey
4 mins read
I expect to retire, but as an African American woman, the numbers make me wonder if I should plan for a funeral instead
Planning for retirement is different when years of data show that Black Americans are statistically…