The Racial Wealth Gap: A Wide, Persistent DivideDespite educational advances by Black Americans, the racial wealth gap has widened since 1995. It shows Baby Bonds could dramatically reduce racial wealth inequality for young adults. Research by City University of New York Assistant Professor Naomi Zewde demonstrates that Baby Bonds, over time, could effectively narrow the racial wealth gap among young adults. Reparations should bridge that gap, boosting Black Americans’ wealth to equal 13% of the country’s wealth, Darity and Mullen argue. Irvine law professor who wrote a book on the racial wealth gap, has argued that reparations should be paid through housing grants.

Source: Forbes June 25, 2020 09:56 UTC