America's Growing Racial Wealth Divide Endangers Nation's Future Economic Health

Posted Aug. 24, 2016

MP3 Interview with Dedrick Asante-Muhammad, director of the Corporation for Enterprise Development’s Racial Wealth Divide Initiative, conducted by Scott Harris

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With a succession of sometimes shocking smart phone videos revealing widespread police violence targeting people of color across America and the parallel rise of the Black Lives Matter movement, U.S. corporate media has focused new attention on the issue of America's racial divide in policing and criminal justice. But rarely do journalists or politicians address the critical and related issue of racial wealth inequality.

Now a new study has been published putting into sharp focus the growing divide between the wealth of white, African American and Latino families, titled, “The Ever-Growing Gap: Without Change, African American and Latino Families Won’t Match White Wealth for Centuries,” The report, jointly published by the Corporation for Enterprise Development and the Institute for Policy Studies, “examines the growing racial wealth divide for black and Latinos households and the ways that accelerating concentrations of wealth at the top compound and exacerbate this divide. The authors also “consider the impact public policy has had in contributing to the racial wealth divide and how new policies can close this gap.”

Between The Lines' Scott Harris spoke with one of the reports' four authors, Dedrick Asante-Muhammad, director of CFED's Racial Wealth Divide Initiative. Here, Asante Muhammad discusses the major findings of the report and the ways in which wealth disparity along racial lines affects the social fabric of America and its people.

See the "The Ever Growing Gap" report and Racial Wealth Divide Resources at cfed.org.

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