racial wealth gap
Inherited financial inequality
The racial wealth gap is the disparity in accumulated assets between racial groups, particularly between white households and Black or Hispanic households in the United States.
It encompasses differences in home ownership, savings, investments, and inherited wealth: The racial wealth gap persists even when controlling for education and income.
The term frames economic inequality as systemic rather than individual.
- inequalityUnequal distribution of resources
- disparityMeasurable difference between things
- net worthAssets less debts
- generationalRelating to age groups
- redliningRefusing loans by neighborhood
segregation · Jim Crow · homeownership · property values · inheritance · forty acres · systemic · poverty · discrimination · reparations · disinvestment · mortgage · predatory lending · zip code · neighborhood schools · gentrification · median income · assets
- economic inequalityincome inequality, income gap, pay gap, wage gap, economic disparity
- racial injusticediscrimination, segregation, Jim Crow, Jim Crow laws, redlining
racial wealth gapeconomic equality
Balanced distribution of resources
level playing field · closing the gap · equal opportunity · economic justice · classless society
racial wealth gapracial equity
Justice regardless of ethnicity
economic equity · meritocracy · economic empowerment · racial reconciliation
race, racial, racially, racialized, racialization, racism, racist, wealth, wealthy