Plus, why India is closely watching Russia-China relations and how Brazil can use its data expertise to address global challenges.
| Black wealth is increasing, but so is the racial wealth gap New Federal Reserve data show that, despite wealth increases across the board during the COVID-19 pandemic, America’s racial wealth gap widened. Between 2019 and 2022, median wealth increased by $51,800, but the racial wealth gap increased by $49,950—contributing to a difference of $240,120 in wealth between the median white household and the median Black household. While housing equity increased for Black households, other key wealth-building components like corporate and business equity did not. The United States still hasn’t overcome centuries of discrimination in public policy, financial practices, and societal norms that limited Black wealth accumulation, say Andre M. Perry, Hannah Stephens, and Manann Donoghoe. In a new report, the authors shed light on the nation’s persistent racial wealth gap and call for structural changes to close it. |
A closer look at the data |
More research and commentary Brazil’s data leadership. With Brazil taking over the G20 presidency, the country has an opportunity to build on its successful track record of leveraging digital infrastructure for poverty alleviation and inclusive growth, George Ingram and Priya Vora argue. Why India cares about China-Russia relations. India has closely watched the China-Russia relationship for decades. On the latest episode of the Global Indica podcast, Nivedita Kapoor speaks with Tanvi Madan about the dynamics at play. |
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