By Benedict Roemer, State Campaigns and Public Interest Communications Fellow
As evidenced by our country’s treatment of immigrant families at the border, the disproportionate incarceration of black and brown youth, and policies targeting communities of color here and abroad, the United States has continued its harmful and oppressive track record with people of color. And while the treatment of immigrants is a very visible testament to this reality, racial disparities continue to exist elsewhere as well. One area in particular is the racial wealth gap between communities of color and white communities in the United States. The racial wealth gap currently stands at a startling 13:1 differential among all households: The median net worth for a white household is $141,000, while the median net worth of a black household is only $11,000 per year. This divide in wealth is even greater for households living near the poverty line. For these households, the difference in median net worth is $18,000 vs. $0. Such a wide income and wealth gap leads to countless other disparities; in poverty, education, health, and incarceration.