5 Big Ideas to Narrow the Racial Wealth Gap
After centuries of systemic barriers, the median net worth of Black households is one-tenth that of White ones. Without changes such as these, the Covid-19 crisis will only widen the divide.
In The News Piece in Forbes
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June 25, 2020
Wesley Whistle was quoted in a Forbes article about the wealth gap between White and Black college graduates.
The wealth gap between Black and White college graduates has been widening, in part because Black students take on more debt to get through school. Wesley Whistle, a federal higher education analyst at New America Foundation, calculates that 84% of Black Millennials who graduated from four-year colleges in 2016 had student debt, compared with 68% of White Millennials. Among those earning two-year degrees, 63% of Black graduates, but only 43% of their White counterparts, had student debt.
Read the full article here.