Dedrick Asante-Muhammed directs the Racial Wealth Divide Initiative at the Corporation for Enterprise Development. He is a co-author of "State of the Dream 2010: Drained—Jobless and Foreclosed; Pulling the Plug on Communities of Color," a report from the organization United for a Fair Economy.
By Omar Ocampo, Dedrick Asante-Muhammad, Darrick Hamilton, Chuck Collins, Inequality.org
In our new report, White Supremacy is the Pre-existing Condition, we found that the concentration of wealth has surged during the pandemic, further exacerbating an already extreme racial wealth divide.
By Dedrick Asante-Muhammad, Chuck Collins, Josh Hoxie, Sabrina Terry, Inequality.org
In light of Dr. King’s pursuit of economic justice, this report highlights how historic racial wealth disparities have been perpetuated and increased by the trend towards extreme inequality in the United States.
By Dedrick Asante-Muhammad, Chuck Collins, Common Dreams
America’s middle class is under assault. Since 1983, national median wealth has declined by 20 percent, falling from $73,000 to $64,000 in 2013. And U.S. homeownership has been in a steady decline since 2005. While we often hear about the struggles of the white working class, a driving force behind this trend is an accelerating decline in black and Latino household wealth.