Racial Wealth Gap

Courtesy of Aaron Pruzaniec

The Great Recession is behind us, and business is booming: new business especially. After a major slump, entrepreneurs are opening shop every month, from mom-and-pop stores to high-growth tech firms. But not all aspiring business owners are able to create the companies they would like to. 

Garry Knight / Flickr Creative Commons

The wealth gap in the United States is growing – and it has negative consequences beyond the economy. A recent report from the Pew Research Center shows the American middle class continues to lose financial ground to the upper class. 

The black community owned 0.5 percent of America’s wealth at the end of slavery, and today that number has barely increased. A typical white household is 10 times wealthier than a typical black household, and the racial wealth gap is growing.