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Racial inequality

Education may help close the racial wealth gap, but it isn't a panacea

by Kimberly Adams and Sean McHenry
Apr 8, 2021
Darrick Hamilton, a co-author of a recent study from the New School, describes other ways to address the disparity that hurts Black Americans.
New graduates at Agnes Scott College in Georgia. African Americans need access to capital, Darrick Hamilton says.
Rick Diamond/Getty Images
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Race and Economy

Goldman Sachs to invest billions in Black women

by Erika Beras
Mar 12, 2021
The firm says it wants to change the lives of "One Million Black Women," but that'll take more than a monetary investment.
Black women have disproportionately suffered during the pandemic, one reason Goldman Sachs decided to provide support.
Brendan Smialowski/AFP via Getty Images
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Race and Economy

Films led by Black off-screen talent are consistently underfunded, study finds

by Samantha Fields
Mar 11, 2021
A McKinsey & Company report finds that addressing racial inequities in entertainment could bring in another $10 billion a year.
Only about 6% of writers, directors and producers who work on films made in the U.S. are Black, and that number has barely budged in 15 years, according to a report from McKinsey & Company.
EvgeniyShkolenko via Getty Images
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Race and Economy

Nashville's iconic Lower Broadway gets its first Black-owned businesses

by Ambriehl Crutchfield
Mar 10, 2021
Prince’s Hot Chicken Shack and Slim & Husky’s Pizza Beeria hope to draw tourists on a street that's hosted events like CMA Fest.
Co-Owner and Director of Branding and Marketing Clint Gray stands outside of the first Slim & Husky’s Pizza Beeria in North Nashville.
Ambriehl Crutchfield
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"Miss Juneteenth" tells the story of a Black woman trying to build a better economic future

by Kai Ryssdal and Sean McHenry
Feb 8, 2021
Writer-director Channing Godfrey Peoples discusses her debut film and the economic realities it draws upon.
Turquoise (Nicole Beharie) with her daughter, Kai (Alexis Chikaeze), in "Miss Juneteenth." Channing Godfrey Peoples' story was inspired by Black women in her hometown of Fort Worth, Texas.
Vertical Entertainment
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Race and Economy

Biden orders push agencies to reckon with their roles in systemic racism

by Kimberly Adams
Jan 27, 2021
Economic policies have long excluded entire communities. The Biden administration is putting special emphasis on reviewing housing policy.
Vice President Kamala Harris looks on as President Joe Biden signs executive orders related to his racial equity agenda.
Doug Mills-Pool/Getty Images
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COVID-19

A huge wealth gap makes economic recovery harder for Black Americans

by Mitchell Hartman
Dec 10, 2020
The average white American male under 35 has 224 times the household wealth of the average Black female of the same age, a new study says.
A woman makes grilled cheese with her granddaughter after being laid off from her job early in the pandemic.
Joe Raedle/Getty Images
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Race and Economy

People of color more at risk of COVID-19 spread at work

by Meghan McCarty Carino
Dec 3, 2020
The Urban Institute says more than half of Black, Latinx and Native American workers have jobs that put them at a greater risk.
wagnerokasaki via Getty Images
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Elections 2020

Los Angeles voters approve plan to boost social service funding

by Jasmine Garsd
Nov 6, 2020
Measure J requires the county to spend at least 10% of its unrestricted general fund on things like job training and mental health treatment.
A man jogs past a row of telephone booths in front of the LA County Men's Central Jail on May 11, 2020, in Los Angeles, California.
Frederic J. Brown/AFP via Getty Images
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Reimagining the Economy

Student loan debt adds to racial wealth disparities, research finds

by David Brancaccio , Daniel Shin and Candace Manriquez Wrenn
Oct 27, 2020
The costs for Black borrowers to pursue a college have been growing exponentially.
Robyn Beck/AFP via Getty Images
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