The Racial Wealth Gap

The racial wealth gap refers to the significant disparity in wealth between different racial and ethnic groups, particularly between White families and families of color in the United States. This gap arises from a history of discriminatory practices, such as slavery, segregation, redlining, and unequal access to education and employment opportunities. As a result, many families of color have less generational wealth, limited access to capital, and fewer opportunities to invest in homes or businesses. This disparity impacts economic mobility and quality of life, perpetuating inequality across generations. Addressing the gap requires intentional policy changes and societal commitment.