Bloomberg: Racial Disparity Crisis

Bloomberg, June 8, 2022, Racial Disparity Crisis

More than half a century after the US Civil Rights Act barred racial discrimination in the job market, new analysis shows that wealth disparities between Blacks and Whites has been getting worse, not better.

On the eve of the pandemic, Black Americans had one-sixth the wealth of White ones on a per-capita basis, a panel of economists wrote in a paper circulated by the National Bureau of Economic Research.

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Redlining and Neighborhood Health

Before the pandemic devastated minority communities, banks and government officials starved them of capital.

Lower-income and minority neighborhoods that were intentionally cut off from lending and investment decades ago today suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher prevalence of chronic diseases that are risk factors for poor outcomes from COVID-19, a new study shows.

The new study, from the National Community Reinvestment Coalition (NCRC) with researchers from the University of Wisconsin–Milwaukee Joseph J. Zilber School of Public Health and the University of Richmond’s Digital Scholarship Lab, compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.

Table of Content

  • Executive Summary
  • Introduction
  • Redlining, the HOLC Maps and Segregation
  • Segregation, Public Health and COVID-19
  • Methods
  • Results
  • Discussion
  • Conclusion and Policy Recommendations
  • Citations
  • Appendix

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