Doing 'The Right Thing' Won't Solve the Racial Wealth Gap

Solutions to address racial wealth inequality have fallen short. Why? Shelterfore takes a closer look in its new series—The Racial Wealth Gap: Moving to Systemic Solutions.

WEDNESDAY, FEB. 9 Illustration by Carol Coogan, 2022 EDITOR'S NOTE A Multifaceted Problem That Requires Multifaceted Solutions By Miriam Axel-Lute, Shelterforce As important as homeownership, business ownership, and higher education are—and make no mistake, we should not accept racial disparities in any of those things—we must go beyond simply promoting more of each if we want to make a difference in the racial wealth gap. READ MORE The Racial Wealth Gap—Moving to Systemic Solutions Over the next several weeks, Shelterforce will explore the racial wealth gap and take a closer look at why we need systemic solutions, why we must stop extracting wealth from Black communities before asset building becomes truly possible, and why “homeownership is the top way to accumulate wealth” is too simplistic a statement. FEATURED STORY Doing 'The Right Thing' Won't Solve the Racial Wealth Gap By Anne Price, Insight Center for Community Economic Development James A. Parsons made significant contributions to the nation, yet he was blocked from generating wealth to pass down to his family. Anne Price shares her relative's story, and why solutions to address racial wealth inequality have fallen short. READ MORE Related Articles You Might Have Missed Stop Talking About the Racial Wealth Gap Is the Housing Market the Answer to the Racial Wealth Gap? We can't do this important work without you. If you've found Shelterforce useful in your work, consider becoming a supporter. Yes! Count me in. ‌ ‌ ‌ ‌