Black Americans Gain No Ground on Income and Wealth: Justin Fox

How long will it take Black Americans to catch up to their White neighbors’ quality of life? The headline answer is 320 years, at least according to a new report by the McKinsey Institute for Black Economic Mobility. Specifically, that’s the estimate based on a combination of economic, health and other metrics for the 8.7% of Black Americans who live in what McKinsey dubs “stable rural counties,” where the catch-up period is longest. The shortest catch-up time is 110 years, in “trailing rural counties” where residents of all races are struggling. In the “urban periphery” — the suburban counties that by most measures ...