Home RESISTANCE Racial Inequality Is Hollowing Out America’s Middle Class

Racial Inequality Is Hollowing Out America’s Middle Class

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Dedrick Asante-Muhammad, Chuck Collins

America’s middle class is under assault.

Since 1983, national median wealth has declined by 20 percent, falling from $73,000 to $64,000 in 2013. And U.S. homeownership has been in a steady decline since 2005.

While we often hear about the struggles of the white working class, a driving force behind this trend is an accelerating decline in black and Latino household wealth.

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