basically runs a press release from the Urban Institute, but since I wanted to read that press release I won\u2019t complain:<\/p>\n
The Urban Institute report, \u201cThe Color of Wealth in the Nation\u2019s Capital<\/a>,\u201d said the Great Recession and housing crisis of 2007 to 2009 exacerbated long-persistent disparities, with black and Hispanic households losing about half of their wealth. In 2013 and 2014, white households in the D.C. area had a net worth of $284,000 while black households had a net worth of $3,500, the report said. Hispanics had a net worth of $13,000. Net worth is the value of assets minus debt. \u2026<\/p>\n
\u201cBlack people in the Washington, DC, metropolitan area are located at the bottom of the racial wealth hierarchy,\u201d the report says. \u201cThere is a tendency to attribute the racial wealth gap to individual character flaws among people without wealth. This report provides an extensive history of the structural barriers in local and national policies, Supreme Court rulings, programs, and practices that created wealth for many White families and prevented wealth accumulation or stripped wealth from many Black families.\u201d<\/p><\/blockquote>\n
more<\/a> (ooh, and it looks like the Post<\/em> may even have gotten this story from<\/a> City Paper<\/em>, journalism definitely seems like a healthy and stable industry and I hope my parents are so proud of me)<\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"
basically runs a press release from the Urban Institute, but since I wanted to read that press release I won\u2019t complain: The Urban Institute report, \u201cThe Color of Wealth in the Nation\u2019s Capital,\u201d said the Great Recession and housing crisis of 2007 to 2009 exacerbated long-persistent disparities, with black and Hispanic households losing about half […]<\/p>\n","protected":false},"author":1071,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[35,50,46,77,18,51],"class_list":["post-10658","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-district-of-chaos","tag-five-star-final","tag-our-enemy-the-state","tag-prepare-for-life-in-capitalist-america-play-class-struggle-the-game","tag-race","tag-so-far-from-god-so-close-to-the-united-states"],"yoast_head":"\n
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