What is basically a racial wealth gap? When there is discrimination among races in terms of owning assets, it’s called a racial wealth gap. Upon comparison with the white families, black people receive very little or no recognition for asset entitlement. Racial discrimination has always been a huge problem among various parts of the US. It is a problem that shouldn't even be a problem, but yet it still persists in form or another.
A comparison of White and Black asset owners
Income gap due to racial discrimination
Racial discrimination at a workplace is yet another issue that has to be solved. According to the research by the Federal Reserve Bank of Cleveland, black people are issued less income than any of the white households. This causes an enormous income gap, which eventually adds to the racial wealth gap. The only solution to this problem is the change of mindset. If people do not find the right path to live, it could affect the future of humanity in the worst way possible.
Infographic by: Visualcapitalist.com