Summary: Families of color lost more wealth during the Great Recession and its aftermath than did white families. Black and Latino families now have just one-sixth of the wealth of white families in the U.S., according to a recent report from the Urban Institute. We explore the implications of America’s growing racial wealth divide with Signe-Mary McKernan, the Urban Institute report’s lead author; Dedrick Muhammad, senior director of economic programs for the NAACP; and Michelle Singletary, nationally syndicated personal finance columnist for The Washington Post.
