“How white racism destroys black wealth”

That's the title of this essay by Christopher Ingraham, which focuses on a new Brookings study on race and wealth. Here's how the essay starts:

There are a lot of reasons that home prices tend to be lower in black neighborhoods than in white ones. Decades of racist policies put in place by governments and private companies — segregationredliningdeed restrictionsexclusionary zoning, the deliberate hollowing out of urban cores — have had the net effect of eroding the quality of life in many majority-black neighborhoods nationwide. As the authors of a new Brookings Institution-Gallup study note, Zillow data shows that the median listing price of a home in a majority-black neighborhood in a major metro area is around $184,000, while the median listing in a neighborhood where blacks make up less than 1 percent of the population stands at over $341,000.

The essay includes this profound statistic: The median net worth for a white family in the U.S. is $140,000; for an African-American family, it's $3,400.

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