For
the first time, Democrats are acknowledging America's deep racial wealth gap —
and the policies that created it.
By Josh Hoxie
At over 40 pages, this year’s Democratic Party platform lives up to its predecessors in
length and ennui. However, it also includes a section not yet seen in platforms
from either side: an acknowledgement of the racial wealth gap.
Wealth has been unfairly distributed since our nation’s
founding, and that unfairness has always had a racial bent. It goes something
like this: White families have more; black and Latino families have less.
(Asian and Arab Americans have more complex economic histories.)
The gap is far larger than you might expect.
A 2014 study from Pew Research revealed that median white families have 13
times more wealth than median black families, and 10 times more
than median Latino families. That gap has remained relatively consistent for
decades.






