The Racial Wealth Divide: Why Housing Matters

Search form

The Racial Wealth Divide: Why Housing Matters

The Racial Wealth Divide: Why Housing Matters
Wed, 5/29/2013 - by United For a Fair Economy

Housing, a cornerstone of the "American Dream," is the largest form of privately wealth held by families across the United States. This infographic draws attention to the intersection of housing as both a globally-recognized human right and as a commodity in a global stock market controlled by the wealthy. We urge readers to acknowledge the history behind the long-standing racial wealth divide and to consider the interplay between federal housing policies and risky financial practices and their impacts on the divide.

We are releasing this infographic just days after Duke University released a new study, which found that Black and Latino homebuyers arepaying more for housing than whites. Earlier this year, shortly after the release of UFE's report on housing and racial inequality, a Brandeis University study highlighted homeownership as the number one driver of the growing racial wealth gap.

How many studies need to be published before policymakers begin treating housing like a human right and not a commodity to be gambled with on Wall Street? Perhaps more importantly, what must be done to unite and galvanize communities—of all races and classes—to push lawmakers and to take control of the situation where they're falling short? Inequality has become worse than most people think. Economic apartheid has gripped our country. But, money is no match for people power.

Learn more about what's happening on the ground with State of the Dream 2013: A Long Way From Home.

 

Article Tabs

Sleeping outside for an iPhone is O.K., but do it in furtherance of democratic expression and you’re in trouble, as protesters discovered during the past several weeks at Parliament Square.

Green is no longer unified, if it ever really was – as Bright Green, Lite Green, Deep Green and Dark Green tribes form around divergent environmental worldviews, theories of change, and ranges of tactics.

Do we or do we not as Americans have the right to know what we are eating? Here are initiatives from Hawaii to Colorado and from Humboldt to Josephine Counties to take back our food supply.

In order to help fund their courts, judges may be threatening people with imprisonment for their debts – and more than a third of U.S. states now allow people with debts to be jailed.

The cohesion between pop culture and politics in the 1960s made it easier to access politically charged art and music – something our generation is still searching for today.

Posted 4 days 15 hours ago

Klein's starting point is valuable for the pro-planet movement, showing the walls that are built by the system – and ourselves – to stop climate action.

Posted 2 days 14 hours ago

Heavy industry spending resembles the last-minute infusions of cash for TV ads, mailings, and staff that helped narrowly defeat campaigns for mandatory GMO labeling in California and Washington.

Posted 4 days 15 hours ago

“There are many of us here who are homeless because when we came back from fighting, we couldn’t get a job, we had mental problems and there was no assistance for us anywhere."

Posted 2 days 13 hours ago

It’s a fairly absurd situation and I’d like to document exactly what happened.

Posted 4 days 15 hours ago

With a click of a button, over 6,000 Detroit properties were purchased Tuesday for just over $500 apiece – surprising local government, which had scripted a much different ending.

More than 200 families have been brutally thrust from their homes as discoveries of oil prompt investors and land grabs in the western part of the country.

It’s a fairly absurd situation and I’d like to document exactly what happened.

Heavy industry spending resembles the last-minute infusions of cash for TV ads, mailings, and staff that helped narrowly defeat campaigns for mandatory GMO labeling in California and Washington.

As with Occupy Wall Street, the organic rise of the GamerGate movement – though sprung from an environment as politically irrelevant as video games – is creating odd alliances and surprising bedfellows.

Sign Up