Monday, February 20, 2017
Housing Discrimination Contributes To Big Racial Wealth Gap
I have posted a lot about the wealth gap between the rich and the rest of America. It is huge and it is still growing. But there is another wealth gap in this country -- the gap between Whites and Blacks. This pernicious wealth gap is not closing, and the reason is continuing discrimination.
Much of that gap is due to lower wages/income for Blacks compared to Whites, and a much higher unemployment rate among Blacks. But there is another factor that is a major cause -- housing discrimination.
Some may have thought that housing discrimination was eliminated when it was outlawed in the late 1960's. It was not. Like the discrimination that continues in education, the business community, and the justice system, discrimination in housing persists -- and it contributes to the inability of Blacks to accumulate wealth in this country.
The following article on this subject is by Janelle Jones at the Economic Policy Institute. It is worth reading by those who think equality is an important concept in a free country.