BLACK THEN
At the end of 1863, black Americans owned half of 1 percent of the wealth in America.
BLACK NOW
Today, more than 150 years later, black Americans own just over 1.5 percent of the wealth in America. The racial wealth gap not only stymies the progress of black America, but also limits the US economy by approximately $1 trillion to $1.5 trillion annually. As Raphael Bostic, President and CEO of the Federal Reserve
Bank of Atlanta states, “Systemic racism is a yoke that drags on the American economy.”
THE NEW BLACK
Inclusive opportunity and ownership are the new black. When we see more black Americans attending college, owning stock, running successful businesses and purchasing homes, we’ll see our national economy improve.