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A study by the Brandeis University Institute on Assets and Social Policy which followed the same sets of families for 25 years found that there are vast differences in wealth across racial groups in the United States. The wealth gap between Caucasian and African-American families studied nearly tripled, from $85,000 in 1984 to $236,500 in 2009.
According to the Institute on Assets and Social Policy, for each dollar of increase in average income an African American household saw from 1984 to 2009 just $0.69 in additional wealth was generated, compared with the same dollar in increased income creating an additional $5.19 in wealth for a similarly situated white household. [91]
Following the murder of George Floyd in 2020, some companies made substantial commitments to racial equity by establishing dedicated diversity, equity, and inclusion teams. [55] In early 2024, the Washington Post reported that there is a trend in corporate America to reduce DEI positions and delegate the work to external consultants. [ 55 ]
According to a new report from Citi (C), systemic racism in the United States has had a huge cost to the economy: $16 trillion over the past two decades.. That’s the combined cost of disparities ...
Take race and racism out of the American story and very little about the country is comprehensible. The way we elect our presidents. The civil rights enshrined in the 14th Amendment that gives ...
Executive Order 13985, officially titled Advancing Racial Equity and Support for Underserved Communities Through the Federal Government, is the first executive order signed by U.S. President Joe Biden on January 20, 2021. It directs the federal government to revise agency policies to account for racial inequities in their implementation.
Equity. Equity is the owners’ value in the company. That could be an individual owner — as with a sole proprietorship — or a large group, like shareholders in a publicly traded company ...
In the context of racism in the United States, racism against African Americans dates back to the colonial era, and it continues to be a persistent issue in American society in the 21st century. From the arrival of the first Africans in early colonial times until after the American Civil War , most African Americans were enslaved .