Wealth Gap: Wide And Getting Wider (between African American and White families)

NPR: Wealth Gap: Wide And Getting Wider

The wealth gap between white and black families is growing — and that's especially apparent in the housing market. Host Michel Martin talks to Washington Post correspondent Michael Fletcher about the financial disparities facing black families. …

… MICHEL MARTIN, HOST:

We'd like to talk now about new research on the wealth gap between white and black families in the U.S. According to a federal survey, the median black family has five cents for every dollar of wealth owned by their white counterparts. Now, that gap is obviously very large, but it is also growing. We wanted to talk more about this, so we've called Washington Post reporter Michael Fletcher, who wrote about this recently. And he's with us from The Washington Post's studios.

Welcome back to the program, Michael. Thanks so much for joining us. …

This is a very informative interview. You can read the transcript at the link above or listen to the interview by clicking here.