“‘Blacks cannot close the racial wealth gap by changing their individual behavior –i.e. by assuming more “personal responsibility” or acquiring the portfolio management insights associated with “[financial] literacy.”’ In fact, white high school dropouts have more wealth than Black college graduates. Moreover, the racial wealth gap did not result from a lack of labor. Rather, it came from a lack of financial capital.”

“Black and African American college graduates owe an average of $25,000 more in student loan debt than White college graduates.”

"Studies show Black homebuyers are less likely to come from wealthy families, more likely to carry debt..."

"Black women also hold the most cumulative graduate school debt at an average totaling $75,085."

"Understanding how racism is built into various social structures and quantifying its long-term effects is fundamental to the anti-racist work of dismantling these barriers."