Just the Facts: Race-Based Economics

We've made meaningful progress toward embracing our cultural diversity in the United States. But we've got a long way to go before we clean up the economic fallout from years of institutional racism.

There's a growing wealth gap.

Source: "2007 Survey of Consumer Finances," Board of Governors of the Federal Reserve System.

When hard times hit, they hit people of color harder.

1. Unemployment during this recession

 

Source: "State of the Dream 2010: Drained," United for a Fair Economy (based on Bureau of Labor Statistics data), www.faireconomy.org/dream.

2. Effect of race on home loans

Source: "Unfair Lending: The Effect of Race and Ethnicity on the Price of Subprime Morgages," Center for Responsible Lending, 2006.

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Doug Pibel compiled this fact sheet for America: The Remix, the Spring 2010 issue of YES! Magazine. Doug is managing editor for YES! Magazine.