"Our research points to a multigenerational legacy of white supremacy in asset building and wealth concentration — a history that includes the African slave trade, Jim Crow and systematic discrimination in wealth-building opportunities right on up to the present. That trend is getting worse, not better. Between 1983 and 2016, the median net worth for Black Americans actually went down by 50 percent. Paired with a growing Latin population that also lags far behind whites in household wealth, the U.S.’s overall median wealth trended downward over those decades, even as median white wealth increased.... A major reason for the growing wealth divide isn’t that white people “worked harder.” It’s that the government worked harder for them."
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H.R. 40 - Commission to Study and Develop Reparation Proposals for African-Americans Act
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