![]() ![]() Well into the 20th century, the government systematically discriminated against black homeowners through a process known as “ redlining,” which constrained who could get decent mortgages for good homes and where those homes could be built. The story of housing discrimination in America is complicated and rooted in a long history of racist policies stretching back to slavery. But that option hasn’t always been available to everyone, especially black families. And buying a nicer home in a nicer neighborhood has always been the easiest way to climb up the socioeconomic ladder. A home is the most valuable thing many people will own. One of the biggest factors driving these disparities is housing. As of 2016, the median wealth for black families in America was $17,600, while the median wealth for white families was $171,000. ![]()
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