(This blog post is part of a series. Read the previous post here.)
“The extent of and continuing increase in inequality in the United States greatly concern me…. I think it is appropriate to ask whether this trend is compatible with values rooted in our nation's history, among them the high value Americans have traditionally placed on equality of opportunity.”
Janet L. Yellen, Chair of the Board of Governors of the Federal Reserve System, October 17, 2014.
The racial wealth gap has been the subject of much focus lately. But where did it come from?