Racial gap in appraisals devalues homes owned by people of color

Jun 8, 2021
Lower home appraisal values contribute to the wealth gap between white communities and communities of Black and Latinx people.
Real estate agent Don Robinson said he has seen the devaluing of homes in Black neighborhoods in Chicago with little recourse for the owners.
Manuel Martinez/WBEZ

Biden administration says it will address racial inequity in home appraisals

Jun 2, 2021
The government plans to use fair housing laws and regulatory action to address the racial disparity in home valuations.
President Joe Biden lays out policy proposals aimed at narrowing the racial wealth gap during a speech in Tulsa, Oklahoma.
Brandon Bell/Getty Images

To narrow racial wealth gap, Biden plan takes aim at home appraisal inequality

Jun 1, 2021
Homes in most white neighborhoods are worth an average of $250,000 more than those in mostly Black and Latinx neighborhoods.
President Joe Biden laid out policy proposals aimed at narrowing the racial wealth gap during a speech in Tulsa, Oklahoma. Above, Biden speaks with Michelle Brown-Burdex of the Greenwood Cultural Center.
Mandel Ngan/AFP via Getty Images

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

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

Why the nation’s first reparations program for Black residents is tied to homeownership

Apr 7, 2021
The groundbreaking reparations program in Evanston, Illinois, seeks to shrink the racial wealth gap through housing grants.
A Black Lives Matter sign sits in front of a home on March 23 in Evanston, Illinois. The City Council voted to approve a plan, believed to be the first of its kind in the nation, to make reparations available to Black residents due to past discrimination.
Scott Olson/Getty Images

Goldman Sachs to invest billions in Black women

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

Biden team faces pressure over who leads key banking regulator

Feb 1, 2021
The Office of the Comptroller of the Currency oversees most U.S. banking assets and can influence economic inequality.
Whoever the president taps to run the OCC will play an important role in addressing economic inequality, including the racial wealth gap.
Chip Somodevilla/Getty Images

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How baby bonds could help close the racial wealth gap

Jan 13, 2021
A proposed $1,000 savings account for every baby born in the U.S. could improve future outcomes for an entire generation of families.
Rep. Ayanna Pressley, above, and Sen. Cory Booker are pushing for baby bonds to help close the racial wealth gap.
Tom Williams/AFP via Getty Images

Student loan debt adds to racial wealth disparities, research finds

The costs for Black borrowers to pursue a college have been growing exponentially.
Robyn Beck/AFP via Getty Images

Majority of Americans believe economy is rigged

Oct 16, 2020
More than 80% of Black Americans and nearly 70% of women say the economy is rigged in favor of certain groups. Experts say they're right.
Protesters in Los Angeles in May 2020.
Apu Gomes/AFP via Getty Images