Even Colonial-era abolitionists like Alexander Hamilton enjoyed centuries of generational wealth built from slavery.
Few middle-class Americans undergoing Chapter 13 bankruptcy blame the government. They portray themselves as hardworking victims and resent others for taking more than their fair share.
New research shows homes in white areas have appreciated $200,000 more since 1980 than similar homes in nonwhite areas – a result of both old racist housing policies and modern real estate practices.
While the Great Depression reduced inequality and closed the racial wealth gap, the Great Recession of 2009 did the opposite.
Several presidential hopefuls have offered proposals to close the racial wealth gap, from baby bonds to reparations. A simulation suggests policies short of direct aid to blacks won't do the trick.
Thanks to demographic and political changes, Democratic contenders are addressing this issue for the first time.