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Why Black Wealth Took a Nosedive

Why Black Wealth Took a Nosedive Authors Black Agenda Radio with Margaret Kimberley bareditors Fri, 10/23/2026 - 04:08 The Center for Economic and Policy Research (CEPR) recently reported on Federal R

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Why Black Wealth Took a Nosedive Authors Black Agenda Radio with Margaret Kimberley bareditors Fri, 10/23/2026 - 04:08

The Center for Economic and Policy Research (CEPR) recently reported on Federal Reserve data that shows that Black Americans have lost 25% of their wealth between 2022 and 2025. Whites, Asians, and Latinos all experienced increases in wealth to varying degrees. Why do Black people have such a different economic experience? Dr. Algernon Austin is Director of Race and Economic Justice at CEPR, and he joins us from Maryland to discuss these findings.

African America US Economy black wealth Racism
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