𝘚𝘵𝘰𝘱 𝘣𝘦𝘭𝘪𝘦𝘷𝘪𝘯𝘨 𝘵𝘩𝘦 𝘭𝘪𝘦𝘴 𝘰𝘧 𝘸𝘩𝘪𝘵𝘦 𝘰𝘱𝘱𝘳𝘦𝘴𝘴𝘰𝘳𝘴 𝘢𝘯𝘥 𝘦𝘥𝘶𝘤𝘢𝘵𝘦 𝘺𝘰𝘶𝘳𝘴𝘦𝘭𝘧 𝘰𝘯 𝘧𝘢𝘤𝘵𝘴, 𝘩𝘪𝘴𝘵𝘰𝘳𝘺, 𝘢𝘯𝘥 𝘵𝘳𝘶𝘵𝘩.
When the Emancipation Proclamation was signed in 1863, the Black community owned less than 1 percent of the total wealth in America. More than 150 years later, that number has barely budged.
#MehrsaBaradaran is a professor and an authority on banking. Her book, "The Color of Money: Black Banks and the Racial Wealth Gap" seeks to explain the stubborn persistence of this racial wealth gap.