The road to zero wealth
The existence of a wealth gap in the US, a racial wealth gap is not news. What is news as captured in the study; The Road To Zero Wealth. Is the fact that if nothing is done to close the gap, black households that are in the lower percentile will have zero wealth by 2053.
The implications of this result will not only affect black and white households but the American economy as well. The seeds of this financial insecurity were not sown today.
It dates as far back as Jim Crowism, Slavery, and several other policies that prevented black households from building wealth. And stripping the little wealth they have off them. Several authors have provided certain notable structural solutions that could address the growing wealth gap moving forward.