I’m black and I’m a member of the 1%

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In the U.S. today, the average African-American household owns just 6 cents for every $1 of wealth held by the typical white household, and blacks make up just 1.7% of the top 1% of wealthy Americans.

But there are black members of the 1% who are working to change that. Tanzina Vega investigates the historical and contemporary racial barriers to wealth creation in the U.S.

US Black-White inequality in 4 charts
https://www.cnn.com/2021/06/01/politics/black-white-racial-wealth-gap/index.html

3.5 million Black American households have a negative net worth, new study finds
https://www.cnn.com/2021/06/18/business/black-wealth-mckinsey-study/index.html

Here’s how to propel 2 million Black Americans to the middle class
https://www.cnn.com/2021/06/18/perspectives/racial-disparities-wealth-income/index.html

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