In a recent article that I co-authored with Dr. William “Sandy” Darity, Jr., we contest the framing of wealth disparity that focuses on the poor financial choices and decision-making on the part of, largely, black, Latino, and poor borrowers. This directional emphasis is wrong. Meager economic circumstances – not poor decision making or deficient knowledge […]
Tag: racial wealth gap
While the official poverty rate is a very useful measure, it misses important dimensions of economic hardship. Earlier this year, an article, “The Secret Shame of Middle-Class Americans,” by Neal Gabler in The Atlantic highlighted the fact that many Americans—including those in the middle class—do not have $400 on hand to cover an emergency expense. […]
More assets under management by low-income families is good for those families, it’s good for their communities, it’s good for the economy, it’s good for our democracy. – Ida Rademacher, The Aspen Institute Ida Rademacher, Executive Director of the Initiative on Financial Security at The Aspen Institute, speaks on the panel entitled, “What’s the Code […]
Recently featured in a profile by Daniel Fisher on the cover of Forbes, as part of its top 400, Robert Smith sat down with Maya Rockeymoore at the 2015 Color of Wealth Summit to talk about the power of opportunity. Both of my parents have Ph.Ds in Education. I remember growing up in Denver in […]
While the gender pay gap is a serious problem that needs to be addressed, we must also look at the intersection of gender, race, and wealth to get a clear picture of how people of color are faring in today’s economy. Join Mariko Chang and David Pate Jr. for a webinar discussing the economic […]
Trina Shanks from The University of Michgan and Tiffany Miller from the Center for American Progress discussed how the achievement gap leads to a wealth gap.
Brows furrowed, eyes focused, I was busy concentrating on my latest artistic masterpiece. As my hands carefully guided the acrylic paint across the canvas with the stroke of a brush, I became aware of a classmate standing nearby silently contemplating my subject. I paused and gave him a quizzical look. After all, my ninth grade […]