Tag: Kai Wright

The racial wealth gap has been enormous ever since the Census Bureau began measuring it 25 years ago. But it has never been larger than today. The median wealth of a white family is now at least 20 times higher than that of a Black family and 18 times that of a Latino family.

“I applaud and welcome the passage of H.R. 4173, The Wall Street Reform and Consumer Protection Act,” declared Congresswoman Barbara Lee, chair of the Congressional Black Caucus (CBC), several of whose members, led by Congresswoman Maxine Waters, were responsible for the bill’s key provisions. "Nobody has more at stake here than Black America," says Kai Wright, senior writer for The Root.