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

History shows that liberals need radicals.

American Legislative Exchange Council, ALEC, BP, climate change denial

Oil company BP said on Monday it has stopped supporting conservative political group ALEC, becoming the latest corporation to end its membership in a group critics say works to deny the existence of climate change.

water wars, California drought, water barons, Western Growers, California breadbasket, Primary Water Institute, underground water reserves, underground water regulations, primary water

It’s no longer just the farmers against the ranchers or the urbanites – it’s the people against the new “water barons” like Goldman Sachs, JPMorgan Chase, Monsanto and the Bush family, who are buying up global water at unprecedented pace.

Indigenous women make up 4.3% of Canada's female population – but represent almost half of the number of women murdered in the country.

Until the federal government gets serious about bailing out America’s students and instituting free, public higher education for all who apply, America’s student debtors should refuse to make any further payments.

Posted 2 days 10 hours ago

The hostility to socialist ideas is fading, as the majority of young Americans are experiencing the deep failures of capitalism.

Posted 6 days 5 hours ago
One Party Planet, neoliberal economics, free market economics, neoliberal capitalism, Matrix

The only way to change our economic system is to change what the system values – and to change the very rules that articulate and maintain those values.

Posted 6 days 7 hours ago
Libya intervention, Libya bombing, NATO bombings, ISIS beheadings, Right to Protect doctrine, Muammar Qaddafi, Samantha Power

As high-level discussions ensue about whether, and how, to embark on an expanded mission to battle ISIS, the cliche rings truer than ever that "those who cannot remember the past are condemned to repeat it."

Posted 6 days 5 hours ago

Students at LSE join a budding movement against the neoliberal university – and other universities across the U.K. and Europe – by occupying the administration’s meeting room.

Posted 6 days 5 hours ago

In this week’s episode of Act Out!, Eleanor talks clowns, burning cars and the riots against austerity in Europe, while looking at the role of art in activism and giving you some tools to get started.

money in politics, Citizens United, Edward Snowden, kleptocracy, surveillance programs, NSA, whistleblowers

Welcome to 1% Elections, the privatization of the State, a fourth branch of government, and the demobilization of "We the People."

healthcare privatization, National Health Service, Cancer Not for Profit, 38 Degrees

Last week saw the biggest leak in the history of the U.K. National Health Service, with the publication of a document that revealed clinical commissioning groups were looking for a private company to accept a £1.2 billion contract for cancer care.

Until the federal government gets serious about bailing out America’s students and instituting free, public higher education for all who apply, America’s student debtors should refuse to make any further payments.

Sign Up