A trust fund for every American child

Newsday, Wednesday, February 7, 2018
In 2015, more than half of American households had spent more than they earned or had zero savings. For households with incomes less than $40,000 a year, 68 percent spent more than or the equivalent of their incomes. That proportion fell to 44 percent for households with incomes from $40,000 to $... Read More »

Milano and NSSR’s Darrick Hamilton is Confronting Inequality with Economics

The New School News, Tuesday, February 6, 2018
The first week of 2018 was a busy one for Darrick Hamilton, one of the country’s leading stratification economists. At the start of the new year, he traveled to the American Economic Association conference in Philadelphia to make a presentation on baby bond accounts, his novel idea to provide small... Read More »

Trump immigration plan could keep whites in U.S. majority for up to five more years

The Washington Post, Tuesday, February 6, 2018
One of the biggest unknowns is how long new immigrants will identify as racial minorities. Some academics, as Duke professor William Darity Jr. wrote in the American Prospect, argue that many Latino immigrants “identify less as Hispanic and more as non-Hispanic white” the longer they stay in the... Read More »

Racial Wealth Inequalities

Federal Reserve Bank of Boston, Monday, February 5, 2018
Data from local implementation of the NASCC survey resulted in The Color of Wealth in Boston report, an in-depth study on racial wealth inequality. More details about the NASCC survey methodology can be found in the Color of Wealth report page. As a follow-up to the report, the Boston Fed convened... Read More »

Why Black Banks Need Policy Support, Not Just Deposits

Next City, Friday, February 2, 2018
“I always start by raising the question as to whether or not the racial wealth gap can be closed by autonomous actions by black Americans,” says William “Sandy” Darity Jr., principal investigator for the National Asset Scorecard for Communities of Color project, based the Duke University Samuel... Read More »

A true picture of US black jobless figures

BBC News, Friday, February 2, 2018
"The decline has occurred in the unemployment rates for everyone," says William Darity, a public policy professor at Duke University. "That's the big problem I have using this as some kind of signal of an event to be celebrated." Read the full article here.

Running the Numbers on Black Unemployment

The Takeaway - WNYC Radio, Thursday, February 1, 2018
During the president’s State of the Union speech earlier this week, he proudly boasted about a successful economy and how his policies have reduced the black unemployment rate in particular. “Unemployment claims have hit a 45 year low and something I’m very proud of, African American... Read More »

Trump Hails U.S. Economy

The BBC, Thursday, February 1, 2018
The US economy was a focus of President Donald Trump's first State of the Union speech. The BBC's Fergus Nicoll reports from Cleveland, Ohio, and we get reaction to the speech from Darrick Hamilton, an economist at the New School University in New York. Also in the programme, Facebook is banning... Read More »

Report Sheds Grim Details on Black Women's Net Worth

Black Enterprise, Thursday, January 25, 2018
A recent report from the Samuel DuBois Cook Center on Social Equity shed another dim light on the current wealth inequality gap in America by highlighting the current state of black women’s net worth. Some sobering takeaways include: Single black women without a bachelor’s degree ages 20–39... Read More »

Could the wealth gap be closed by giving babies $50,000? Some economists think so

CBC: Radio-Canada, Wednesday, January 24, 2018
Some economists are advocating a bold way to counter the ever-growing U.S. wealth gap: curb it at birth. The proposal, called baby bonds, suggests giving every child born in America a lump-sum payment of up to $50,000; richer families would get less, as low as $500. The money would be managed by... Read More »