Understanding the Black-White Wealth Gap

"The large and growing wealth gap separating white and black families is the product of stubborn barriers that disproportionately consign African Americans to less-valuable real estate and lower-paying jobs, according to a new study.

"A long-term examination of the financial lives of black and white Americans revealed that African Americans typically face a subtle but persistent opportunity gap that has served to widen financial disparities remaining from a long history of overt discrimination, according to a report to be released Wednesday by Brandeis University’s Institute on Assets and Social Policy." [Read more]