The American dream has become too expensive: Most millennials want to own a home one day, but they sure can’t afford one now. During the pandemic, housing prices have climbed, with the nationwide increase moderating to 2.6% year over year in...
A substantial portion of grandparents with the lowest proportions of wealth in 1984-1989 are likely to have grandchildren who end up in the lowest wealth stratum in 2015-2017.
Income at life events represents the many ways that generational wealth can drive the contrast in incomes between white and Black households.
Dr. Craemer has explored various options for paying reparations to African-Americans for the enslavement of their ancestors, which would address the wealth gap that exists between whites and African Americans.