Look

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.

 

Add new comment

Sign Up

Article Tabs

Some of the biggest issues facing our country are forgotten once the cameras switch off, but our ADD news cycle only makes us more vulnerable to repeat disasters like the Flint water crisis.

climate change denial, climate deniers, Donald Trump, rising sea levels, carbon emissions

The billionaire who called global warming a hoax is now warning of its dire effects in his company's application to build a sea wall to protect Trump International Golf Links & Hotel Ireland in County Clare.

wealth inequality, income inequality, wealth gap, growing poverty, growing disparity

After 35 years of wealth distribution to the super-rich, inequality has forced much of the middle class towards the bottom, to near-poverty levels, and to a state of helplessness in which they find themselves being blamed for their own misfortunes.

climate change, climate denial, Portland Public Schools

In a move spearheaded by environmentalists, the Portland Public Schools board unanimously approved a resolution aimed at eliminating doubt of climate change and its causes in schools.

single-payer healthcare, Obamacare, Affodable Care Act, public option, health insurance industry, health insurance companies

There's a not-insignificant amount of evidence that when you strip out the names of parties and candidates, support for government-run insurance cuts across partisan lines – and most Americans want a single-payer healthcare system.

Bernie Sanders, political revolution, money in politics, political left, generational shift, revolutionary politics, Occupy Wall Street, Black Lives Matter, Fight for $15, young voters, Bernie supporters

Without Occupy, Black Lives Matter, the Fight for $15, the mobilization of teachers and nurses, immigrant movements, and many other struggles, there would never have been a Bernie Sanders campaign.

Posted 5 days 22 hours ago
wealth inequality, the 1%, the 99%, income inequality, "The Divide," Katherine Round, widening inequality, global protests, neoliberalism

Katharine Round’s new documentary, "The Divide," adds substantially to the debate around inequality as it explains in clear terms how our 35-year experiment in neoliberalism has failed spectacularly.

Posted 6 days 22 hours ago
Activists in Ibeno, Nigeria.

Last weekend, tens of thousands of activists in 13 countries on six continents protested against climate change and the burning of fossil fuels.

Posted 5 days 22 hours ago
climate change, global warming, Break Free from Fossil Fuels, climate protests, global climate movement, Carbon Brief, carbon emissions, climate arrests, British Petroleum, BP, Enbridge, Flood Wall Street, People's Climate March, risking arrest, civil dis

My arrest didn’t feel like a risk, it felt like a transaction. I’ve found freedom in facing my fears and dispensing with false choices.

Posted 3 days 3 hours ago
Nestle water grab, water privatization, Columbia River Gorge, Cascade Locks

Voters in one Oregon county last week approved a ban on commercial bottled water production, stopping a years-long effort by Swiss transnational Nestle to sell over 100 million gallons of water a year from the Columbia River Gorge.

Posted 3 days 4 hours ago
Austrian elections, Alexander Van der Bellen, Austrian Green Party, far-right governments, Norbert Hofer, Freedom Party, anti-immigrant sentiment, xenophobia, migrant crisis

Alexander Van der Bellen, an independent candidate backed by the Austrian Green Party, fought neck and neck with far-right Freedom Party candidate Norbert Hofer and scratched out a narrow victory in the historic election.

Verizon strikes, outsourced jobs, low wage economy, telecom giants, corporate profits

Verizon’s decision to prioritize short-term profits and executive compensation over investments in advanced services that rely on its skilled workforce makes it the poster child for corporate excess.

single-payer healthcare, Obamacare, Affodable Care Act, public option, health insurance industry, health insurance companies

There's a not-insignificant amount of evidence that when you strip out the names of parties and candidates, support for government-run insurance cuts across partisan lines – and most Americans want a single-payer healthcare system.

wealth inequality, the 1%, the 99%, income inequality, "The Divide," Katherine Round, widening inequality, global protests, neoliberalism

Katharine Round’s new documentary, "The Divide," adds substantially to the debate around inequality as it explains in clear terms how our 35-year experiment in neoliberalism has failed spectacularly.

climate change, global warming, Break Free from Fossil Fuels, climate protests, global climate movement, Carbon Brief, carbon emissions, climate arrests, British Petroleum, BP, Enbridge, Flood Wall Street, People's Climate March, risking arrest, civil dis

My arrest didn’t feel like a risk, it felt like a transaction. I’ve found freedom in facing my fears and dispensing with false choices.