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Anna Nekrashevich // Pexels By William M. Rodgers III, St. Louis Fed’s Institute for Economic Equity For decades, researchers have performed quantitative studies that describe and explain the white-Black wage gap. Three questions are among those that dominate this voluminous body of research: How much does widespread economic growth lead to a narrowing of the […]

CNN  —  Although Black and Hispanic Americans have accumulated more wealth in recent years, their median net worth still lags far behind that of White Americans. The net worth of the typical Black and Hispanic household in 2022 was $44,900 and about $61,600, respectively, according to the Federal Reserve’s latest 

Editor’s note: This piece has been updated with clarifications on data and sourcing, and a correction to Figure 1 and Figure 4. According to the latest data from the Federal Reserve’s Survey of Consumer Finances, the nation’s racial wealth gap increased during the COVID-19 pandemic. Between 2019 and 2022, median wealth increased by $51,800, but […]

On the day of the Super Bowl, Matt Gaetz, a Republican member of Congress from Florida, publicly announced that he would not watch one of the most popular sporting events in America. The reason for his boycott? “They’re desecrating America’s national anthem by playing something called the ‘Black national anthem,’” Gaetz explained. The song he […]

Creating and supporting more Black-owned businesses is one step to reducing the racial wealth gap in the US, according to a new study. Around 70% of Americans work for small businesses that employ people in their communities. And while

Hip-hop music can offer a window into the concerns of Black communities. “Our Soldiers,” a 2008 song by the American rapper KRS-One, opens with a siren. After those first few seconds, one might assume the track—like many other hip-hop songs—will be about policing in the United States. But as the lyrics unfold, it becomes clear […]

It is a grim fact of American life that black people have long lagged well behind white folk in the world of work, with higher unemployment, lower wages and a larger share giving up on job searches altogether. A much more hopeful fact is that many of these inequalities now appear to be shrinking. In […]

Raising Awareness of Financial Health and Wellness in the Black Community In an effort to shed light on the critical issue of financial health and wellness within the Black community, ABC Owned Television Stations are set to premiere a groundbreaking documentary series titled “Our America: In the Black.” This special aims to delve into the […]

Topline The implementation of generative artificial intelligence in the workplace, such as automated customer and employee support roles and AI-generated coding programs, could widen the racial wealth gap between Black households and white households in the U.S. some $43 billion by 2045,

Listen to article (2 minutes) EVANSTON, Ill.— School leaders in this college town just north of Chicago have been battling a sizable academic achievement gap between Black, Latino and white students for decades. So a few years ago, the school district decided to try something new at the high . . .


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