Vincent Maurice Miller

Black Wealth Where Have You Gone? Vincent Maurice Miller

Racial differences exist in the context of financial inheritances and explain why the overall average differences in wealth between the white and black households tend to be significant compared to the average differences in the comprehensive income. Systematic racism has contributed to the overall persistence of race-centric gaps known to manifest in several household wealth measures. This, in turn, reflects ages of white privilege that have made it specifically tricky for people of any other color (predominantly black) to achieve a sense of economic security.