economy

Will America ever create an opportunity economy for all?

As communities of color continue to suffer from financial stress, a new research report provides insights as to how the racial wealth divide is in large part created by policy trends that favor the well-to-do at the expense of the majority of the nation. New research by the Corporation for Enterprise Development (CFED) notes that although economists have long declared the Great Recession over, Black and Latino consumers in particular are losing wealth, disproportionately suffering from subprime credit scores and turning to high-cost predatory lending to piece together their financial lives. The report helps to identify underlying causes, explaining that,