Is the Race-Wealth Gap About To Get Worse? Part Deux – The Root – DC Initiative on Racial Equity
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Rising interest rates are supposed to help put inflation in check, but their impact on everybody ain’t the same.

Rising interest rates are supposed to help put inflation in check, but their impact on everybody ain’t the same.
Image: Ilya_Kuznetsov (Shutterstock)

Last month, I wrote about the very real possibility that the race-wealth gap–maybe the most important byproduct of the country’s legacy of institutional racism as practiced via economic policy–might be poised to grow.

Why? Because while the rest of the economy recovered from the pandemic, best evidenced by a dramatic increase of home values and retirement portfolios that most Americans use to measure wealth, Black folks remained largely sidelined from benefiting from those trends. Homeownership rates are lower among Black Americans than whites (due in large part to enduring discriminatory lending practices), those who own homes tend to have less equity (due to persistent patterns of residential segregation and discrimination in home appraisals) and Black folk on average have lower participation in equity investing.

All of those things were revealed in the latest Survey of Consumer Finances, a report that


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