How to close the racial wealth gap

Tuesday, March 24, 2009

In 2004 the typical black family had twelve cents for every dollar held by the typical white family. By 2007, that number had dropped to ten cents. Why is the gap getting wider? Today the Color of Wealth 2009 Policy Summit in Washington will bring scholars, policy experts, and advocates together with lawmakers to analyze the reasons for the growing gap and devise ways to close it. Meizhu Lui, Director of the Closing the Racial Wealth Gap Initiative at the Insight Center for Community Economic Development, joins John with a look at some of the issues addressed at the conference.


Meizhu Lui


Nadia Zonis

Comments [1]


It would be an incredible shame for this gap to widen even further during the term of our first black president. Black Americans have been the victims of institutionalized racism by the goverment for far to long. Lets make the "American Dream" obtainable for all races in our great melting pot.

Mar. 24 2009 09:37 AM

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