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Wealth Inequality Archives - Institute of the Black World 21st Century

Martin Luther King Jr. delivers his famed "I Have Dream" speech from the steps of the Lincoln Memorial, August 28, 1963.

600 Black Legislators Resolved to Push Policies for Economic Justice

By | News & Current Affairs

On King Holiday Commemoration: 600 Black Legislators Resolved to Push Policies for Economic Justice. Resolution considered new win for Black Wealth 2020 By Hazel Trice Edney — It was three years ago that a group of national business leaders launched a movement called Black Wealth 2020 partially based on the economic vision articulated by Dr. Martin Luther King Jr. King said in his final speech on April 3, 1968: “It’s…

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Black child holding coins - Serede Jami / Eyeem / Getty Images

Black Americans’ Median Wealth Could Disappear in One Generation

By | Editors' Choice

By Adam Hudson, Truthout — It’s no secret that, as the saying goes, “The rent is too damn high.”Across the nation, housing is becoming increasingly expensive for many Americans. But the story of the present-day housing crisis is not just a story of rising rents; it’s also a story of systemic racism. Today’s rising housing prices exacerbate the racial wealth gap in the US by making it more difficult for Black…

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AME Church Bishops pose with Black bankers and business leaders after announcing historic partnership.

AME Church and Black Banks Launch New Partnership for Black Wealth

By | News & Current Affairs

By Hazel Trice Edney — (TriceEdneyWire.com) – The Black church, among the most prosperous institutions in America, has long led movements for the spiritual, social and civic uplift of Black people. When the Rev. Dr. Martin Luther King Jr. was assassinated on April 4, 1968, he had just launched the Poor People’s Movement, which quickly fizzled after his death. With this historic backdrop, the African Methodist Episcopal Church – with…

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United Nations

UN Special Rapporteur’s Report on Extreme Poverty and Human Rights

By | Editors' Choice

Report of the Special Rapporteur on extreme poverty and human rights on his mission to the United States of America Note by the Secretariat The Secretariat has the honour to transmit to the Human Rights Council the report of the Special Rapporteur on extreme poverty and human rights, Philip Alston, on his mission to the United States of America from 1 to 15 December 2017. The purpose of the visit…

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William Barber

William Barber Takes on Poverty and Race in the Age of Trump

By | Commentaries/Opinions

After the success of the Moral Monday protests, the pastor is attempting to revive Martin Luther King, Jr.,’s final—and most radical—campaign. By Jelani Cobb — At first glance, the crowds of people congregating on a block of Mulberry Street, a stretch of squat brick buildings near downtown Memphis, on the morning of April 4th, might have been there for a variety of reasons. The street venders selling T-shirts and posters…

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William A. Darity Jr.

For Reparations: A Conversation With William A. Darity Jr.

By | Commentaries/Opinions, Reparations

William A. Darity Jr. is the Samuel DuBois Cook Professor of Public Policy, African and African American Studies, and Economics and the director of the Samuel DuBois Cook Center on Social Equity at Duke University. The focus of his work is on inequality based on race, class, and ethnicity. He has been published in The Atlantic, The New York Times, and most recently Jacobin Magazine. He is currently co-writing with…

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Women and the Racial Wealth Divide

Women and the Racial Wealth Divide

By | Commentaries/Opinions

By Dedrick Asante-Muhammad — As Women’s History Month comes to an end, we at the Racial Wealth Divide Initiative think it is important to reflect upon how racial economic inequality intersects with gender economic inequality. Overall, women earn lower wages and experience higher levels of poverty than men. This holds for Black and Latina women, who also earn lower wages and experience higher poverty rates than White and Asian women….

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IBW21.org Post Featured Image FPO

In contemplating New Orleans’ future, historians reflect on city’s ‘enormous capacity for change’

By | News & Current Affairs

By Della Hasselle — Alexander P. Tureaud Jr. couldn’t sleep, so he sat on a bench on the LSU campus in Baton Rouge, where he had become the first black undergraduate student until school officials and the 5th U.S. Circuit Court of Appeals forced him out. It was a foggy morning, and as a truck pulled up, Tureaud felt frightened. He had recently been subjected to threatening messages from fellow students and…

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Chris Rock cited the free food, drinks and massages at the Virgin upper-class lounge at Heathrow Airport in his comments about inequality.

How rich are the rich? If only you knew

By | Editors' Choice

By Gil B. Manzon Jr. — “If poor people knew how rich rich people are, there would be riots in the streets.” Actor and comedian Chris Rock made this astute statement during a 2014 interview with New York magazine, referring to the yawning gap between rich and poor. In so doing, he stumbled upon a key challenge in the study of inequality. What’s the best way to measure it? Most inequality studies…

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