Running in Place: Despite Gains, Households of Color Face Ever-Accelerating Racial Wealth Gap
Fifty years ago, following an investigation into the causes of a series of tumultuous summers of civil unrest and race riots in the mid-1960s, President Johnson’s National Advisory Commission on Civil Disorders (better known as the Kerner Commission) concluded that the nation was “moving toward two societies, one black, one white -- separate and unequal.” While a whole host of present-day inequities embody the Kerner Commission’s stark prediction, Prosperity Now's latest study confirms that if nothing is done to bridge the racial wealth divide, we face the prospect of permanently remaining on the same ill-fated path the Commission warned of five decades ago.
Today, as a follow up to our previous Ever-Growing Gap and Road to Zero Wealth reports, we’re releasing Running in Place: Why the Racial Wealth Divide Keeps Black and Latino Families from Achieving Economic Security, which highlights how the wealth of median Black, Latino and White families has changed over the past three years and what those shifts mean for the racial wealth divide today and into the future. As we demonstrated in last September’s Road to Zero Wealth, the change in Black and Latino household wealth between 1983-2013 left those communities, at the median, face-to-face with the prospect that their household wealth could hit zero within our lifetimes.
Read this article from www.ProsperityNow.org.