Quick Video Explaining The Racial Wealth Gap

This clip from the Decoded series challenges the myth of meritocracy while also highlighting institutional racism’s impact on the racial wealth gap.

Video Description:

“Written by Ben O’Keefe @benjaminokeefe

Out of 536 billionaires in the USA, only 3 are black. Why the stark racial divide? Well it’s complicated, but it turns out our history of racism has a lot to do with it.

From segregated schools that receive less funding in property taxes, to the history of redlining black homeowners, to the long history of slavery, oppression, and segregation, white families were accumulating wealth.

That “old money” has provided the capital for the modern-day billionaires, and even average-income white families, to stay significantly ahead of black Americans.”

Ubuntu,

From Aspiring Humanitarian, Relando Thompkins-Jones, MSW, LLMSW

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Written by

I’m a Social Justice Educator and Aspiring Humanitarian who is interested in conflict resolution, improving intergroup relations, and building more equitable and inclusive communities.

“Notes from an Aspiring Humanitarian” is my blog, where I write about issues of diversity, inclusion, equity, and social justice. By exploring social identities through written word, film & video, and other forms of media, I hope to continue to expand and enrich conversations about social issues that face our society, and to find ways to take social action while encouraging others to do so as well in their own ways.

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2 Responses

  1. Jordan says:

    This is a good video for a quick overview of what this problem is and how it came to be. Of course, there are a lot of factors into it that just couldn’t be covered in a 6 minute video – but hopefully this helps people who hadn’t considered this before learn and want to look more into it.

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