News

Report: 'White households in DC have a net worth 81 times greater than Black households'

ABC 7 News, Thursday, November 3, 2016
"WASHINGTON (ABC7) — Beginning with this sentence -- "White households in DC have a net worth 81 times greater than Black households" -- a new report from the Urban Institute examines what they say is a long history of systemic racism and discrimination in Washington to explain the wealth gap... Read More »

Report finds extreme wealth inequality in area

The Washington Post, Thursday, November 3, 2016
"The wealth differential is staggering," said William Darity Jr., a professor at Duke University and director of the Samuel DuBois Cook Center on Social Equity, which collaborated on the study with the Urban Institute and New York's New School. "The findings we have show that education does not... Read More »

‘Stratification’ Theory Tackles the Racial Blindspots of Orthodox Economics

Institute for New Economic Thinking, Wednesday, November 2, 2016
Darrick Hamilton, Associate Director of the Samuel DuBois Cook Center on Social Equity, Co-Investigator of the National Asset Scorecard for Communities of Color (NASCC) Project, and Associate Professor of Economics and Urban Policy, Milano School of International Affairs, Management and... Read More »

Net worth of white households in D.C. region is 81 times that of black households

The Washington Post, Wednesday, November 2, 2016
"A new study that aims to explore the historical wealth disparities between black and white residents in the D.C. region found that white households have a net worth 81 times that of black households. The report, called “The Color of Wealth in the Nation’s Capital,” said the Great... Read More »

Does Closing the Racial Wealth Gap Start in the Cradle?

Next City, Wednesday, November 2, 2016
"For a brief moment in time nearly 30 years before the American Civil War, black residents in Washington, D.C., who’d been freed from slavery had to pay the local government a $1,000 bond to secure their freedom. They also had to collect signatures from five white witnesses to guarantee their entry... Read More »

Net Worth Of White D.C. Households 81 Times Black Households, Says Report

WAMU (88.5 FM), Wednesday, November 2, 2016
"There is a huge economic divide between African Americans and whites in the D.C. region, according to The Color of Wealth, a report released this week. That disparity exists across every financial measure — including cash, savings and checkings accounts, retirement and investment accounts,... Read More »

White D.C. Area Households Have A Net Worth 81 Times Greater Than Black Ones

Washington City Paper, Tuesday, November 1, 2016
"As gentrification exacerbates economic inequality in the District, a new report out today illustrates just how big the wealth gap in 'Chocolate City' has been throughout its history. The analysis looks at disparities in financial power between the D.C. metropolitan area's black and white... Read More »

Scholars Reveal Gaping Black/White Wealth Disparity in D.C.

Diverse Issues in Higher Education, Tuesday, November 1, 2016
William A. Darity is a primary investigator for the report, Director of the Samuel DuBois Cook Center on Social Equity, and the Samuel DuBois Cook Professor of Public Policy, African and African American Studies, and Economics at Duke University. "Citing a series of... Read More »

Blacks face discrimination in ride-hailing

USA Today, Monday, October 31, 2016
"African-American travelers wait as much as 30% longer for UberX rides, and people with African-American sounding names had their UberX trips canceled at twice the rate of those with white-sounding names, a study released Monday found. Though the actual difference in wait times was small, on... Read More »

Baby Bonds: A Plan for Black/White Wealth Equality Conservatives Could Love?

Institute for New Economic Thinking, Tuesday, October 25, 2016
Darrick Hamilton, (Research Affiliate and Associate Director of Cook Center; Co-Investigator of the National Asset Scorecard for Communities of Color (NASCC) Project; Associate Professor of Economics and Urban Policy, Milano School of International Affairs, Management and Urban Policy &... Read More »

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