News

As Morehouse and Spelman Graduate, Consider Fate and Funding of HBCUs

Atlanta Journal-Constitution, Sunday, May 17, 2015
As long as the dramatic racial wealth gap persists, enhanced black alumni-giving will not solve the HBCU financial crisis. Rather than empty rhetorical devices that burden low-resourced blacks to give more than they actually have, what is needed is a reversal of financial austerity policies that... Read More »

Want to stop violent crime and racist policing? Fight poverty first

The News and Observer , Monday, May 11, 2015
Issues of race, poverty and education levels come to a crux at the criminal justice system. Histories of racist private and public policies compound, and we are left at a moment of crisis. Durham has taken an important step in reviewing the police department and crime. But until we address poverty... Read More »

America's Broken Ladder

Time, Thursday, May 7, 2015
The dirty secret of America in 2015 is that the wealth gap between whites and everyone else is far worse than most people would guess. A 2014 study by Duke University and the Center for Global Policy Solutions, a Washington-based consultancy, found that the median amount of liquid wealth (assets... Read More »

It's Time To Build Black Wealth

The Bay State Banner, Wednesday, April 22, 2015
America is suffering from a substantial wealth gap. A small number of residents control a disproportionate amount of the nation’s wealth. With the publication of The Color of Wealth in Boston report, the issue of wealth disparity took a shocking twist. This study by the Federal Reserve Bank of... Read More »

America's Financial Divide: The Racial Breakdown of U.S. Wealth in Black and White

Huffington Post, Monday, April 13, 2015
"The major sources of wealth for most of the super rich are inheritances and in life transfers. The big reason is racial differences in access to resources to transfer to the next generation." Darity added that the practices of enslavement, violence, Jim Crow, discrimination and dispossession of... Read More »

How Hillary's Plan to Give Every American Baby $5,000 Could Help Fix Inequality

Fusion, Sunday, April 12, 2015
“I like the idea of giving every baby born in America a $5,000 account that will grow over time so that when that young person turns 18, if they have finished high school, they will be able to access it to go to college or maybe they will be able to make that down payment on their first home,”... Read More »

The Color of Wealth in Boston

Massachusetts Immigrant and Refugee Advocacy Coalition blog, Tuesday, April 7, 2015
In short, it is time for Massachusetts—and its chief city—to start doing more to live up to being a true 'common' wealth for all residents. URL: http://miracoalition.org/en/press-room/easyblog/entry/the-color-of-wealth-in-boston

Two Studies on Disparities: The Most Unequal U.S. Cities and Boston's Racial Wealth Gap

Nonprofit Quarterly, Friday, March 27, 2015
A new study by the Federal Reserve Bank of Boston addresses “The Color of Wealth in Boston” and its findings are shocking. Below is one of the main findings: “Nonwhite households have only a fraction of the net worth attributed to white households. While white households have a median wealth of... Read More »

Boston Fed Study Finds Wealth Disparities 'Worrisome'

The Boston Globe, Thursday, March 26, 2015
By nearly every measure, white households in Greater Boston had more wealth than African-Americans, Caribbean blacks, Cape Verdeans, Puerto Ricans, and Dominicans, painting a worrisome picture of a region with “staggeringly divergent” levels of wealth by race. For example, about half the white... Read More »

Report: Vast Wealth Gap Between White & Non-White in Boston Must Be Addressed

The Fact She3t (blog), Thursday, March 26, 2015
The cumulative consequences of a lack of net worth exacerbate the enormous racial divide in wealth in Boston. The staggering disparities identified in this analysis should urge us to find policies that can help narrow the wealth divide by: providing opportunities for asset development; ensuring... Read More »

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