President Joe Biden announced initiatives to address the racial wealth gap, including efforts to support minority owned small businesses, and the establishment of new rules to combat housing discrimination.
Dionissi Aliprantis, a senior research economist with the Federal Reserve Bank of Cleveland, studies the historical and economic factors that explain the wealth gap.
He spoke with Spectrum News about his research findings, including why the net worth of a Black household continues to be dramatically lower than that of a white household.
