Investigating the U.S. Racial Wealth Gap

[bnew]

https://archive.vn/CyrRv

Investigating the U.S. Racial Wealth Gap

The gap in wealth between Black and white Americans is a product of historical realities that continue to shape economic outcomes. Policy interventions to address current wealth disparities must understand the long-standing inequities that contributed to them.

www.rand.org

The gap in wealth between Black and white Americans is a product of historical realities that continue to shape economic outcomes. Policy interventions to address current wealth disparities must understand the long-standing inequities that contributed to them.

To help inform those policy discussions, RAND researchers have investigated how wealth is accumulated, the potential effects of particular policy responses, and the social mobility prospects of African Americans. The discussion papers in this series will be followed by future research efforts.

 

[MoneyTron]

Depressing.

 

[OfTheCross]

https://archive.vn/CyrRv

Investigating the U.S. Racial Wealth Gap

The gap in wealth between Black and white Americans is a product of historical realities that continue to shape economic outcomes. Policy interventions to address current wealth disparities must understand the long-standing inequities that contributed to them.

www.rand.org

The gap in wealth between Black and white Americans is a product of historical realities that continue to shape economic outcomes. Policy interventions to address current wealth disparities must understand the long-standing inequities that contributed to them.

To help inform those policy discussions, RAND researchers have investigated how wealth is accumulated, the potential effects of particular policy responses, and the social mobility prospects of African Americans. The discussion papers in this series will be followed by future research efforts.

Overcoming Compound Racial Inequity

Differences in Black and white Americans' economic status show how the harms of the past—slavery, segregation, discrimination—live on in the present. Could wealth allocations help to close the racial wealth gap?

www.rand.org

So... according to them it would take $15 Trillion of direct reparations to eliminate the wealth gap.

If we do race-neutral policies, it'd take upwards of $30 Trillion.

 

[OfTheCross]

Overcoming Compound Racial Inequity

Differences in Black and white Americans' economic status show how the harms of the past—slavery, segregation, discrimination—live on in the present. Could wealth allocations help to close the racial wealth gap?

www.rand.org

So... according to them it would take $15 Trillion of direct reparations to eliminate the wealth gap.

If we do race-neutral policies, it'd take upwards of $30 Trillion.

Apparently if you target it by race and current wealth, it would only take $1.5 T to eliminate the wealth gap

 

[bnew]

Overcoming Compound Racial Inequity

Differences in Black and white Americans' economic status show how the harms of the past—slavery, segregation, discrimination—live on in the present. Could wealth allocations help to close the racial wealth gap?

www.rand.org

So... according to them it would take $15 Trillion of direct reparations to eliminate the wealth gap.

If we do race-neutral policies, it'd take upwards of $30 Trillion.

Key Findings​

• There is no evidence that the wealth gap could ever close without significant intervention. Wealth-allocation policies can close the racial wealth gap, but only if coupled with broader policies aimed at reducing overall wealth inequality in the United States.
• Over the past 30 years, the wealth gap has widened rather than narrowed.
• A wealth-allocation policy of $500 billion, spread equally across all Black households, could reduce median wealth disparity by 17 percent; a policy of $1.5 trillion could halve median disparity; and a policy of $3 trillion could eliminate median wealth disparity.
• Focusing instead on mean wealth disparity, a wealth-allocation policy of $7.5 trillion, spread equally across all Black households, could reduce mean wealth disparity by 50 percent, and a policy of $15 trillion could eliminate mean wealth disparity.
• Given the larger percentage of Black households toward the bottom of the wealth distribution, Black households benefit relatively more than white households by race-neutral allocations. The effect is, however, small: A 30-percent reduction in median disparity would require a total allocation of $9.6 trillion.
• Equal allocations to all Black households lead to better results for disparity compared with race-neutral policies that use small to moderate total allocation values. However, as wealth-allocation policy grows to include more households, race-neutral policies will have larger impacts on overall disparity.
• Targeted wealth-allocation policies are better at disparity reduction than their equivalent equal non-targeted policies. Under these targeted policies, median wealth disparity could be halved with a $760-billion policy and eliminated with a $1.6-trillion policy.

https://www.thecoli.com/threads/bet-founder-robert-johnson-calls-for-14-trillion-of-reparations-for-slavery.783651/

That comment section





BET founder Robert Johnson calls for $14 trillion of reparations for slavery

 

[OfTheCross]

https://www.thecoli.com/threads/bet-founder-robert-johnson-calls-for-14-trillion-of-reparations-for-slavery.783651/

Bob and Rand came up with the same figure...~ $15 Trillion.

 

[Family Man]

What's the gap between married black couples and married white couples?

 

[OfTheCross]

What's the gap between married black couples and married white couples?

It's just as bad or worse...

Two Is Wealthier Than One: Marital Status and Wealth Outcomes Among Preretirement Adults

In this essay, I use data from the National Longitudinal Survey of Youth 1979 (NLSY79) cohort to explore the character of this marriage divide in wealth—as measured by real estate holdings, retirement savings, cash and other investments, minus debts—for men and women who are in their 50s and on...

ifstudies.org

 

[Amo Husserl]

Occupational licensing and certifications from colleges and universities are good.
Some colleges have licensing programs only a few courses long.
Mix and match on resumes, market these skills with a degree or vocation.

 

[OfTheCross]

15T is not a lot of money