The racial wealth gap can be boiled down to a simple ratio: 224-to-1
An average single white man under 35 is 224 times as wealthy as the average single Black woman the same age, according to a new report. The report also found Black households held 4% of household wealth going into the pandemic, even though they account for a little over 13% of the U.S. population. On today’s show: That racial wealth gap is going to make pandemic recovery for Black Americans even harder. Plus, the case for extending unemployment benefits, and how one cheesemonger is trying to stay afloat during COVID-19.
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Correction (Dec. 11, 2020): A previous version of the headline incorrectly stated the ratio. The correct ratio is 224-to-1.