Page 2 - Inter Generational Wealth News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Present day winchester. in other words, freddie gray's neighborhood. yellow means the area will likely be infiltrated from an unpopular area. marking the black areas in red, known as red lining. the federal loan guarantees made it more affordable for certain families usually white families to own homes. the neighborhoods where our banks wouldn't lend and where black families were forced to live. most of the weight of middle class families in this country is the direct result of home ownership. and that wealth, or the lack of it passes from generation to generation. and so denying african-ameri...

Subprime bubble burst and almost overnight so much of that home equity that household wealth was wiped out. the median net worth of families, all families dropped 40%. although the wealth of white families has leveled off, even growing slightly in recent years, african-american families have continued to lose wealth. from 2010 to 2013 the median wealth of black households dropped by a third. and this is supposed to be the recovery. the gap between white and black wealth is the highest it's been in 30 years. when we look at baltimore, freddie gray's neighborhood and so many like it we have to l...