Sunaina Rao

“Today, black families have an average net wealth of $11,000 compared to a white family’s average of $141,900. Pew data reveals that white families have thirteen times more wealth than black families.20 The wealth gap exists at every income and education level. On average, white families with college degrees have over $300,000 more wealth than black families with college degrees. A third of black families have no assets at all.21 Moreover, studies reveal that the gap is accelerating—over the last thirty years, the average wealth of white families has grown at three times the rate for average black families.22 This growing divide perpetuates injustices hard to capture behind the latest news of riots and protests.”
― Mehrsa Baradaran, The Color of Money: Black Banks and the Racial Wealth Gap

“It felt like the world had divided into two different types of people, those who had felt pain and those who had yet to.”
― Michelle Zauner, Crying in H Mart

“Lifting people out of poverty can have trickle-up economic effects and raise all boats.”
― Mehrsa Baradaran, The Color of Money: Black Banks and the Racial Wealth Gap

“Then, as now, the public must be convinced that their own interests are aligned with the advancement of racial minorities or that they will not suffer when others are promoted.”
― Mehrsa Baradaran, The Color of Money: Black Banks and the Racial Wealth Gap