Blame Series Bonus: How Federal Policy Created America’s Fergusons
…gained none of that equity appreciation. The result is that today, African American family incomes are about 60% of white family incomes, but African American wealth is about 5% of white family wealth. And that difference is heavily attributable to federal race-based housing policy. The desperate conditions of many families in inner city ghettos today is largely attributable to desperate economic disadvantages that can be traced directly to federa…
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