A new study finds that if the racial wealth divide is left unaddressed, the median wealth for black Americans will fall to $0 by 2053, with Latino Americans reaching the same median wealth two decades later. According to the report by the Institute for Policy Studies and Prosperity Now, the wealth gap between people of color and their white
The Racial Wealth Gap Is Leading To An Almost-Nonexistent Middle Class
With people of color projected to make up the majority of Americans by 2043, a new study warns against policies that keep many black and Latino households out of the middle class.