These Statistics About Race and Wealth in America Are Infuriating

And if we don’t do something, “our vision for racial equity will be impossible to achieve.”

<a href="http://www.istockphoto.com/photo/young-business-children-make-faces-holding-lots-of-money-gm470201459-35093954?st=_p_money%20kids">Andrew Rich</a>/iStock

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Since 1983, black households in the United States have accumulated, on average, seven times less wealth than their white counterparts. And that gap doesn’t appear to be closing anytime soon.

A new report released Monday by the Institute for Policy Studies and the Corporation for Enterprise Development found that the racial wealth gap has grown steadily and, without changes to public policy, could widen over the course of decades. This divide was “no accident,” the report’s authors wrote, arguing that it arose as a result of both tax programs that have favored the wealthy and long-standing policies that kept communities of color from building wealth. “[I]t is clear from the past three decades that our vision for racial equity will be impossible to achieve if we continue perpetuating an economic system that fails to prioritize the ability of households of color to get by, much less ahead,” they wrote.

Here’s what the racial wealth gap looks like today—and how it could look 30 years down the line.  

 

Trump icon: James Francis from Shutterstock; Family icon: Alena Serdiukova from Shutterstock; Money bag icon from the Noun Project.

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Truth #1: The chaos is the point.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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