Cities Need to Look Back in Order to Move Forward
At the same time, another study just out—What We Get Wrong About Closing the Racial Wealth Gap by researchers at Duke University’s Samuel DuBois Cook Center on Social Equity—shows that blacks, while constituting just under 13 percent of the nation’s population, own less than 3 percent of the nation’s total wealth.
The Duke researchers found that even when blacks and whites had similar educational achievement and employment, black families still lagged significantly behind in financial holdings because of the long history of lack of access to resources and challenges to wealth accumulation over time.
When we talk about systemic racism in community development, it’s important to acknowledge that hard work alone is not enough to lift people out of poverty when there is lack of access to opportunity.
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