Closing the Racial Inequality Gaps: The Economic Costs of Black Inequality in the U.S.
Wealth gap costs over last two decades: $2.7 trillion in Black income, $16 trillion to U.S. economy
October 8, 2020
“Yet even today, with all those credentials and as one of the leading executives on Wall Street,” wrote Raymond J. McGuire, Citi’s Vice Chairman and Chair of its Global Banking and Capital Markets, “I am still seen first as a six-foot-four, two-hundred-pound Black man wherever I go — even in my own neighborhood. I could have been George Floyd. And my wife and I are constantly aware that our children could have their innocence snatched away from them at any given moment, simply for the perceived threat of their skin color.” ... read more »