Racial Economic Inequality
From the website information, I have learned that the element of systematic racism has made a significant contribution to the never-ending racial gaps that get depicted in various economic indicators. The inequalities get reflected in the measures of household wealth. For centuries the whites have been continuously enjoying privileges that have made it a challenge to the people of color to secure their economic security. I have also learned that in the advent of the Covid-19 crisis, African Americans and Latinos have faced a higher mortality and unemployment rate. Ideally, this is the group that composes of the disproportionate share of low wage essential workers.
Another intriguing factor that I have learned is the significant gap in the racial wealth divide report. Surprisingly, the median black family only owns a 2% figure of wealth worth $3500 compared to the $147, 000 accumulated wealth ownership by median white families. These racial disparities get witnessed in the employment sector, health sector, gender, and even the education sector.
I was surprised that the one thing that is supposed to generate economic equality is also an aspect of racial, economic inequality. Black women get seen as being more indebted to student loans as compared to the whites, which breeds further the financial gap between the two races.
Knowledge on this website is quite beneficial as it states facts with real figures that address the different forms of inequalities in the present-day society. The information is also essential as it bases its argument on updated situations in the world that project disparities among various communities. Such a stance is useful in computing a knowledgeable and a strongly argued research on the mentioned topics.