Racial Wealth Divide Hollowing Out Middle Class

Dedrick Asante-Muhammad is the director of the Racial Wealth Divide Project at Prosperity Now, and Chuck Collins is director of the Program on Inequality at the Institute for Policy Studies and co-editor of Inequality.org.

They are among the co-authors of the September, 2017 report “The Road to Zero Wealth.”  They suggest “we have a choice to make. Do we want to become a country like Brazil, where staggering wealth inequality is the norm? Or do we want to be more like Canada, where there is far less inequality and greater opportunities for all?”

Though we may laud a recent Census report showing a modest reduction in poverty rates, the overall stagnation and decline of wealth remains a troubling indicator. The Road to Zero Wealth examines the ways in which the racial wealth divide affects all of us, not just people of color, and envisions a way to create a “shared prosperity economy” for all.

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