“Money drives the world,” Nick Maggiulli argues, yet in the U.S., black households have far less capital than white households. Why is that? Maggiulli, a data scientist and blogger who specializes in personal finance, shows that this racial wealth gap is deeply rooted in systemic discrimination. In this June 4, 2020 essay, Maggiulli uses the U.S. Federal Reserve’s 2016 Survey of Consumer Finances to illustrate the persistent economic inequity that exists between white and black households.
Nick Maggiulli, "Give Black Households More Economic Power," Marker, 4 June 2020
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