“It’s clear that structural racism that is the root cause of this economic inequality,” said Janelle Jones, EPI economic analyst. “Solutions must be bold and to scale, which means we need structural change that eliminates the barriers that have stymied economic progress for generations of African American workers
The report shows the homeownership rate for African American households remains just over 40 percent, 30 points below the rate for white households.
It also notes that 7.5 percent of African Americans were unemployed in 2017, compared with 6.7 percent in 1968 – leaving unemployment rates for African Americans at roughly twice the level for whites.
The report looks at other racial gaps, finding that African Americans make only 82.5 cents of every dollar earned by the typical white worker, and African Americans are 2.5 times more likely to live in poverty than whites are.
The study was published in connection with the 50th anniversary of the Kerner Commission report, which identified factors contributing to pervasive discrimination.