How To Nurture Inclusivity And Create A ...
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August 13, 2021
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While the market seemingly recovers from the effects of the pandemic, the recession’s effects on Black, Brown and other underrepresented communities have been devastating, with experts calling the economic comeback “the most unequal in modern US history.”
Economists have long sounded alarms about the country’s increasing wealth disparity, and the pandemic has only exacerbated this destabilizing rift. In the US, the top 1% earners took in nearly a quarter of all income, making 26.3 times more than the bottom 99%. According to the latest data from the Federal Reserve, “the top 1% of Americans have a combined net worth of $34.2 trillion (or 30.4% of all household wealth in the US), while the bottom 50% holds $2.1 trillion, or 1.9% of all wealth.”
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