The U.S. racial wealth gap, containing the harm of debt crises, and how the SCOTUS decision on Roe impacts children’s opportunity.
July 1, 2022 Editor’s note: Today at 9:00 AM EDT, join us on Twitter Spaces for an expert conversation about this week’s NATO summit. | Targeted legislative tweaks can help contain the harm of debt crises At the end of 2021, governments in low- and middle-income economies owed an estimated $9.3 trillion to foreign creditors. With roughly 40 low-income economies and about a half-dozen middle-income economies now in debt distress or at high risk of it, the inherently flawed global debt-restructuring system must be fixed, Indermit Gill and Lee Buchheit say. Read more | The Black-white gap in wealth mobility and what to do about it After centuries of discrimination and economic exclusion, the U.S. racial wealth gap remains stubbornly large. In a new paper studying Americans born in the 1940s through 1960s, Ember Smith, Ariel Gelrud Shiro, Christopher Pulliam, and Richard Reeves show that the median white American in their early thirties had $29,000 more wealth than the median Black American of the same age. Read more | The conclusions and recommendations of any Brookings publication are solely those of its author(s), and do not reflect the views of the Institution, its management, or its other scholars. | |