While wealth from government assistance

Black Local and National News

News / Black Local and National News 49 Views

By Kevin Palmer

The 2016 Federal Reserve Survey of Consumer Finances, indicated the median net worth of Whites with a HS diploma is $100,600, compared to $68,300 for Blacks with a bachelor’s degree. This gross inequality in wealth is the result of America’s failure to pay monetary reparations for 246 years of slavery and decades of systemic racism.

According to a Thebalance.com article by Kimberly Amadeo, Home Equity and the Racial Wealth Gap, “From 1619 to 1865, Blacks were slaves which meant they could not own property because they were considered property....