Compared to white people:
*Black-owned homes devalued 23%
*Black-owned property taxes 13% higher
*Bank fees 2x higher for black customers
*Black-owned biz closed at twice the rate in pandemic
*Black people w/ NO criminal record earn $10k less than white people w/ criminal record
*Black-owned homes devalued 23%
*Black-owned property taxes 13% higher
*Bank fees 2x higher for black customers
*Black-owned biz closed at twice the rate in pandemic
*Black people w/ NO criminal record earn $10k less than white people w/ criminal record
Sources on all that
1. Homes devalued https://www.nytimes.com/2020/08/25/realestate/blacks-minorities-appraisals-discrimination.html?action=click&module=Top%20Stories&pgtype=Homepage
2. Property taxes https://www.washingtonpost.com/business/2020/07/02/black-property-tax/
3. Bank fees https://www.cnbc.com/2021/01/13/black-and-hispanics-paying-twice-amount-banking-fees-than-whites-survey.html
4. Small business closures https://www.bloomberg.com/news/articles/2020-06-08/black-business-owners-suffer-41-drop-in-covid-19-lockdowns
5. Pay/criminal record comparison https://www.brennancenter.org/our-work/research-reports/conviction-imprisonment-and-lost-earnings-how-involvement-criminal
1. Homes devalued https://www.nytimes.com/2020/08/25/realestate/blacks-minorities-appraisals-discrimination.html?action=click&module=Top%20Stories&pgtype=Homepage
2. Property taxes https://www.washingtonpost.com/business/2020/07/02/black-property-tax/
3. Bank fees https://www.cnbc.com/2021/01/13/black-and-hispanics-paying-twice-amount-banking-fees-than-whites-survey.html
4. Small business closures https://www.bloomberg.com/news/articles/2020-06-08/black-business-owners-suffer-41-drop-in-covid-19-lockdowns
5. Pay/criminal record comparison https://www.brennancenter.org/our-work/research-reports/conviction-imprisonment-and-lost-earnings-how-involvement-criminal
*Black college grads have 50% less wealth than white high school dropouts
*Top 10 most-audited counties are 79% people of color
*Black-white homeowner gap is bigger now than 120 years ago
*Electoral college gives white people 16% more voting power than Black people
*Top 10 most-audited counties are 79% people of color
*Black-white homeowner gap is bigger now than 120 years ago
*Electoral college gives white people 16% more voting power than Black people
Sources on that:
1. College/high school dropout wealth gap: https://www.newyorker.com/news/news-desk/the-pandemic-has-intensified-systemic-economic-racism-against-black-americans
2. Most audited counties: https://www.theguardian.com/us-news/2020/oct/18/tax-audit-earned-income-tax-credit-mississippi
3. Homeownership gap https://www.marketwatch.com/story/the-racial-wealth-gap-is-at-the-heart-of-americas-inequality-2020-07-15
4. Electoral college https://www.washingtonpost.com/business/2020/09/02/when-voting-doesnt-work-inequity-follows/
1. College/high school dropout wealth gap: https://www.newyorker.com/news/news-desk/the-pandemic-has-intensified-systemic-economic-racism-against-black-americans
2. Most audited counties: https://www.theguardian.com/us-news/2020/oct/18/tax-audit-earned-income-tax-credit-mississippi
3. Homeownership gap https://www.marketwatch.com/story/the-racial-wealth-gap-is-at-the-heart-of-americas-inequality-2020-07-15
4. Electoral college https://www.washingtonpost.com/business/2020/09/02/when-voting-doesnt-work-inequity-follows/
*All Black Americans combined have half the wealth of richest 400 ppl
*White ppl get inheritance at 3x the rate of Black ppl
*Black college grads have $25k more in student debt than white grads
*Black families have $166k less wealth than white families, more than pre-Civil Rights
*White ppl get inheritance at 3x the rate of Black ppl
*Black college grads have $25k more in student debt than white grads
*Black families have $166k less wealth than white families, more than pre-Civil Rights
Sources on that
*Black wealth total: https://www.brookings.edu/research/closing-the-racial-wealth-gap-requires-heavy-progressive-taxation-of-wealth/
*Inheritance https://www.federalreserve.gov/econres/notes/feds-notes/disparities-in-wealth-by-race-and-ethnicity-in-the-2019-survey-of-consumer-finances-20200928.htm
*Student loan debt: https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwj19fy-vZnuAhViiOAKHd_DBt4QFjADegQIARAC&url=https%3A%2F%2Fsites.ed.gov%2Fwhieeaa%2Ffiles%2F2016%2F11%2FBlack-College-Graduates-and-the-Student-Debt-Gap.pdf&usg=AOvVaw1r9KqDT4pE5TUQR0uFbCDl
*Wealth gap: https://www.brookings.edu/blog/up-front/2020/12/08/the-black-white-wealth-gap-left-black-households-more-vulnerable/
*Black wealth total: https://www.brookings.edu/research/closing-the-racial-wealth-gap-requires-heavy-progressive-taxation-of-wealth/
*Inheritance https://www.federalreserve.gov/econres/notes/feds-notes/disparities-in-wealth-by-race-and-ethnicity-in-the-2019-survey-of-consumer-finances-20200928.htm
*Student loan debt: https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwj19fy-vZnuAhViiOAKHd_DBt4QFjADegQIARAC&url=https%3A%2F%2Fsites.ed.gov%2Fwhieeaa%2Ffiles%2F2016%2F11%2FBlack-College-Graduates-and-the-Student-Debt-Gap.pdf&usg=AOvVaw1r9KqDT4pE5TUQR0uFbCDl
*Wealth gap: https://www.brookings.edu/blog/up-front/2020/12/08/the-black-white-wealth-gap-left-black-households-more-vulnerable/
*Black-owned businesses get 3% of all biz loans
*Black unemployed workers get unemployment benefits at half the rate of white workers
*Black people own 1% of all stocks
*Net worth of older Millennials with a college degree: 10x higher for white grads than Black grads
*Black unemployed workers get unemployment benefits at half the rate of white workers
*Black people own 1% of all stocks
*Net worth of older Millennials with a college degree: 10x higher for white grads than Black grads
Sources on that
*Black-owned business loans https://www.bizjournals.com/portland/news/2020/10/15/unequal-access-how-the-us-financial-system-is.html?ana=e_tno&b=1602790745%5E21787983
*Unemployment benefits gap https://www.usatoday.com/story/money/2020/10/22/stimulus-check-black-unemployment-rate-racial-disparity-coronavirus-trump-biden/3650844001/
*Black-owned stocks https://www.politico.com/states/new-york/albany/story/2020/10/05/how-washingtons-embrace-of-the-stock-market-is-fueling-an-unequal-recovery-1321449
*Millennial college grad net worth comparison https://www.marketwatch.com/story/student-debt-is-fueling-the-black-white-wealth-gap-and-pursuing-a-college-degree-has-become-racialized-this-professor-says-11599861959
*Black-owned business loans https://www.bizjournals.com/portland/news/2020/10/15/unequal-access-how-the-us-financial-system-is.html?ana=e_tno&b=1602790745%5E21787983
*Unemployment benefits gap https://www.usatoday.com/story/money/2020/10/22/stimulus-check-black-unemployment-rate-racial-disparity-coronavirus-trump-biden/3650844001/
*Black-owned stocks https://www.politico.com/states/new-york/albany/story/2020/10/05/how-washingtons-embrace-of-the-stock-market-is-fueling-an-unequal-recovery-1321449
*Millennial college grad net worth comparison https://www.marketwatch.com/story/student-debt-is-fueling-the-black-white-wealth-gap-and-pursuing-a-college-degree-has-become-racialized-this-professor-says-11599861959
*Since the Civil War/slavery ended, Black families have gone from holding 0.5% of all wealth to 1.5%
*Black ppl are 4x more likely than white ppl to be arrested for marijuana
*Where it's legal, black people own 4% of cannabis businesses
*0% of Fortune 500 CEOs are black women
*Black ppl are 4x more likely than white ppl to be arrested for marijuana
*Where it's legal, black people own 4% of cannabis businesses
*0% of Fortune 500 CEOs are black women
Sources on that
*Marijuana arrests https://norml.org/marijuana/fact-sheets/racial-disparity-in-marijuana-arrests/
*Cannabis business owners https://mjbizdaily.com/chart-19-cannabis-businesses-owned-founded-racial-minorities/
*Fortune 500 CEOs https://www.cnbc.com/2020/08/03/cloroxs-new-ceo-will-increase-the-number-of-fortune-500-women-to-38.html
*Black wealth "growth" https://www.atlantamagazine.com/news-culture-articles/heres-the-single-best-way-to-help-black-people-according-to-ryan-wilson/
*Marijuana arrests https://norml.org/marijuana/fact-sheets/racial-disparity-in-marijuana-arrests/
*Cannabis business owners https://mjbizdaily.com/chart-19-cannabis-businesses-owned-founded-racial-minorities/
*Fortune 500 CEOs https://www.cnbc.com/2020/08/03/cloroxs-new-ceo-will-increase-the-number-of-fortune-500-women-to-38.html
*Black wealth "growth" https://www.atlantamagazine.com/news-culture-articles/heres-the-single-best-way-to-help-black-people-according-to-ryan-wilson/
*Scooter startup Bird got more funding than all Black women startups combined last year
*Black sons of ppl in the richest 1% are arrested at same rate as white sons of ppl in poorest third
*20 years after college, white students have 5% of loan left vs 95% left for Black students
*Black sons of ppl in the richest 1% are arrested at same rate as white sons of ppl in poorest third
*20 years after college, white students have 5% of loan left vs 95% left for Black students
Sources on that
*Startup funding https://www.fastcompany.com/90531094/for-black-entrepreneurs-the-racial-wealth-gap-makes-finding-funding-nearly-impossible
*Arrest rates by parents' wealth https://www.economist.com/briefing/2020/07/09/segregation-still-blights-the-lives-of-african-americans
*Student loan payoff rate https://www.nbcnews.com/news/us-news/student-debt-crisis-creates-vicious-cycle-inequality-black-latino-neighborhoods-n1232388
*Startup funding https://www.fastcompany.com/90531094/for-black-entrepreneurs-the-racial-wealth-gap-makes-finding-funding-nearly-impossible
*Arrest rates by parents' wealth https://www.economist.com/briefing/2020/07/09/segregation-still-blights-the-lives-of-african-americans
*Student loan payoff rate https://www.nbcnews.com/news/us-news/student-debt-crisis-creates-vicious-cycle-inequality-black-latino-neighborhoods-n1232388
*Black students are 2.5x likelier than white students to be arrested at school after controlling for poverty
*1950: black men made 51 cents for every $1 white men made. Now: 51 cents
*Corporate stock buybacks/dividends in last 15 years benefited white ppl 72x more than Black ppl
*1950: black men made 51 cents for every $1 white men made. Now: 51 cents
*Corporate stock buybacks/dividends in last 15 years benefited white ppl 72x more than Black ppl
Sources on that
*Student arrest rates https://www.theguardian.com/us-news/2020/jun/25/police-schools-oakland-chicago-los-angeles
*Stock buyback/dividend gap https://www.yahoo.com/?err=404&err_url=https%3a%2f%2ffinance.yahoo.com%2fnews%2fstock-market-feeds-racial-inequality-110000230.html
*Male income gap unchanged in 70 years: https://www.nytimes.com/2020/06/25/opinion/sunday/race-wage-gap.html
*Student arrest rates https://www.theguardian.com/us-news/2020/jun/25/police-schools-oakland-chicago-los-angeles
*Stock buyback/dividend gap https://www.yahoo.com/?err=404&err_url=https%3a%2f%2ffinance.yahoo.com%2fnews%2fstock-market-feeds-racial-inequality-110000230.html
*Male income gap unchanged in 70 years: https://www.nytimes.com/2020/06/25/opinion/sunday/race-wage-gap.html
*Americans think Black people have 90% of the wealth white people do. It's actually 10%
*Black homeowners are still 5x more likely to be in old redlined areas, 50 years after redlining was outlawed
*Facial recognition is 100x more likely to misidentify black faces than white ones
*Black homeowners are still 5x more likely to be in old redlined areas, 50 years after redlining was outlawed
*Facial recognition is 100x more likely to misidentify black faces than white ones
Sources on that
*Wealth gap perception vs reality https://www.vox.com/2020/6/19/21295607/juneteenth-protest-wealth-gap-race-america-what-it-owes-black-citizens
*Redlining still exists today https://www.redfin.com/news/redlining-real-estate-racial-wealth-gap/
*Facial recognition bias https://www.washingtonpost.com/technology/2019/12/19/federal-study-confirms-racial-bias-many-facial-recognition-systems-casts-doubt-their-expanding-use/
*Wealth gap perception vs reality https://www.vox.com/2020/6/19/21295607/juneteenth-protest-wealth-gap-race-america-what-it-owes-black-citizens
*Redlining still exists today https://www.redfin.com/news/redlining-real-estate-racial-wealth-gap/
*Facial recognition bias https://www.washingtonpost.com/technology/2019/12/19/federal-study-confirms-racial-bias-many-facial-recognition-systems-casts-doubt-their-expanding-use/
whoops - broke the thread. Continues here https://twitter.com/DanPriceSeattle/status/1349424961568563202