, Columnist
Why Black Americans Are Trapped in Poverty: Weekend Edition
Here are Bloomberg Opinion’s top stories this week.
The bleak reality.
Photographer: Derick E. Hingle/Bloomberg
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One question is — or should be — central to any assessment of the state of America: Why, more than a century and a half after slavery ended, does the typical black family remain so much poorer than the typical white family?
A new study on housing in Chicago illustrates a big part of the answer: Generation after generation, the U.S. system of real-estate finance has enriched whites at the expense of blacks.