The Nation
Joshua Holland
08/08/2016
If current economic trends continue, the average black household will need 228 years to accumulate as much wealth as their white counterparts hold today. For the average Latino family, it will take 84 years.Absent significant policy interventions, or a seismic change in the American economy, people of color will never close the gap.
Those are the key findings of a new study of the racial wealth-gap released this week by the Institute for Policy Studies (IPS) and the Corporation For Economic Development (CFED).
