wealth gap

The task force hopes to shrink the wealth gap between white and black Californians. The Federal Reserve claims that black households have a median wealth of $24,100 nationwide, compared to white households that have a median wealth of $188,200.

The crisis of 2020 has created the greatest wealth gap in history. The middle class, capitalism and democracy are all under threat. What went wrong and what can be done? In a matter of decades, the United States has gone from a largely benign form of capitalism to a neo-feudal form that has created an […]

The staggering concentration of wealth at the top has deformed our governing institutions — new window dressing will not end oligarchy.
The post Chris Hedges: Papering Over the Rot appeared first on MintPress News.

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.