Tag Archives: Racial Disparity

Applying for a mortgage is one of the most important applications most will ever fill out in their lifetimes; getting denied because of simple omission can set the ...

Wealth inequality in America is growing, according to data released by the Urban Institute, and it’s being propelled by persisting racial disparities.

The wealth gap among Americans widened dramatically after the housing market collapse. This placed many black homeowners at a huge economic disadvantage, leaving them with limited access to servicing, lenders, and credit. New research by the Social Science Research Council (SSRC) and the American Civil Liberties Union (ACLU) found that all households lost wealth from 2007 to 2009 at the height of the housing bust and recession. However, in 2009, median white household wealth ceased to decrease, while median black household wealth dropped steadily.