By Pedro Nicolaci Di Costa, Market Watch
The Great Recession delivered a far bigger hit to black Americans’ already meager wealth holdings— depressed by slavery, centuries of discrimination, and deliberately discriminatory housing policies — than it did to whites.
That has left the home ownership gap between blacks and whites at its worst level since the New Deal, according to a new report from the Stanford Center for Poverty and Inequality.
The authors, Darrick Hamilton and Christopher Famighetti, compared household heads aged 20–29 across generations.
