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

Occupy Everything, Montreal student protests, anti-austerity protests

Since the first tents were pitched on April 20, the university site has become increasingly sophisticated and now includes a first-aid tent and a fully functional kitchen.

wealth inequality, income inequality, worker rights, worker empowerment, collective bargaining, Trans-Pacific Partnership, TPP

Abandoned for decades by a party eager to cozy up to Wall Street and advance a neoliberal economic agenda, unions are once again being lauded by top Democratic Party leaders. But what's behind the warm embrace?

Trans-Pacific Partnership, TPP, fast track authority, fast track legislation, Investor-State Dispute Settlement, Transatlantic Trade and Investment Partnership, TTIP

A blatantly unconstitutional trade deal, the TPP would destroy our republican form of government under the rule of law by elevating the rights of investors – also called the rights of “capital” – above the rights of citizens.

If the next U.K. government is to take the climate crisis by the horns, rhetoric must be replaced by concrete action – something the majority in Britain have long been awaiting.

Deutsche Bank, Libor, Georgina Philippou, Barclays

The penalties on Germany’s largest bank also involve a guilty plea to the Department of Justice.

“We are convinced that the entire public interest is at stake, whether water, energy, health, and public transport – the communities are largely deprived of their ability to act."

Posted 6 days 7 hours ago
Danish wind power, Danish renewables movement, wind power technology

Wind power in Denmark has created tens of thousands of jobs, yet it's still facing stiff opposition from corporations and politicians.

Posted 5 days 7 hours ago
Trans-Pacific Partnership, TPP, fast track authority, Bernie Sanders, wealth inequality, income inequality, populist candidate, money in politics, Citizens United

Whether or not this opponent of the billionaire class, corporate greed, Wall Street and environmental degradation – and this champion of working people, the unemployed, retirees, and student debtors – is our next president will be entirely up to us.

Posted 3 days 8 hours ago
99%, occupy, OWS

What happened to Occupy should serve as a warning to everyone about the dangerous fusion of corporate interests and our public institutions.

Posted 5 days 7 hours ago
fast track legislation, fast track authority, Trans-Pacific Partnership, TPP, Bernie Sanders, corporate trade deal

This job-killing trade deal has been negotiated in secret, drafted with input by special interests and corporate lobbyists but not from the American people.

Posted 4 days 2 hours ago

From student debt to climate change, and from fair pay to gun control, young people are seeing the issues that affect them most lose out to the interests of rich corporations and the super wealthy whose power shapes Congress.

“We are convinced that the entire public interest is at stake, whether water, energy, health, and public transport – the communities are largely deprived of their ability to act."

Danish wind power, Danish renewables movement, wind power technology

Wind power in Denmark has created tens of thousands of jobs, yet it's still facing stiff opposition from corporations and politicians.

police brutality, police killings

The Post’s analysis doesn't confirm that race was a factor in dozens of shootings, but the fact that more than 75% of the officers involved were white, and two-thirds of the victims were minorities, leads observers to believe race played a factor.

With insider trading, kickbacks and money laundering marring the reputation of corporations both small and large, some are coming to associate Wall Street with organized fraud and unchecked corporate greed.

Sign Up