How to Close the Racial Wealth Gap

In 2004 the typical black family had twelve cents for every dollar held by the typical white family. By 2007, that number had dropped to ten cents. Why is the gap getting wider? Today the Color of Wealth 2009 Policy Summit in Washington will bring scholars, policy experts, and advocates together with lawmakers to analyze the reasons for the growing gap and devise ways to close it. Meizhu Lui, Director of the Closing the Racial Wealth Gap Initiative at the Insight Center for Community Economic Development, joins John with a look at some of the issues addressed at the conference.