Fact check: Median wealth is 81 times higher for white vs. Black households — in DC

Credit: USATODAY.com- Published on October 22, 2020
A viral post on median wealth between Black and white households lacks context related to the data it presents.

Video credit: TED
Published on October 22, 2020 -  11:57
How to reduce the wealth gap between Black and white Americans | Kedra Newsom Reeves
The racial wealth gap in the United States is shocking: white families have a median wealth nearly 10 times greater than that of Black families. How did we get here, and how can we stop the gap from growing? Wealth equity strategist Kedra Newsom Reeves provides a short history on the origins and perpetuation of racial wealth inequality in the US -- and outlines four ways financial institutions can expand opportunity for Black individuals, families, entrepreneurs and communities.

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