Dedrick Asante-Muhammad

Despite the regressive moves of the Supreme Court to hinder affirmative action in addressing racial inequality, communities across the country are providing a path forward to finally repair the racial inequality that has plagued the nation for so long.

In our new report, White Supremacy is the Pre-existing Condition, we found that the concentration of wealth has surged during the pandemic, further exacerbating an already extreme racial wealth divide.

In light of Dr. King’s pursuit of economic justice, this report highlights how historic racial wealth disparities have been perpetuated and increased by the trend towards extreme inequality in the United States.

America’s middle class is under assault. Since 1983, national median wealth has declined by 20 percent, falling from $73,000 to $64,000 in 2013. And U.S. homeownership has been in a steady decline since 2005. While we often hear about the struggles of the white working class, a driving force behind this trend is an accelerating decline in black and Latino household wealth.