Economy

How Systemic Racism Hurts the US Economy

How Systemic Racism Hurts the US Economy

Just four years ago, the median wealth of African American families was $17,600, compared to $171,000 for white families, a problem known as the racial wealth gap. This gap is driven by racial discrimination in legal, financial and educational institutions, commonly referred to as systemic racism. While systemic racism has existed in the US for decades, it’s only relatively recent that researchers have started trying to calculate the losses it has caused.

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Posted by Frank Crump in Economy, 0 comments