To Equitably Connect Housing and Economic Mobility for Black Americans, Tackle Structural Racism

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Publication
Feb 8, 2018
Janae Ladet for How Housing Matters
Homeownership often translates to wealth accumulation, and wealth grows generationally. As a result, the wealth gap between white and black families has grown over the past 50 years. In 2016, white wealth was seven times greater than black wealth. Even if black families own homes, home equity does not necessarily provide the same savings and wealth-building opportunity as it does for white families.