Segregation Has Gotten Worse, Not Better, and It's Fueling the Wealth Gap Between Black and White Americans

By Alana Semuels

(EXCERPT)

But the long history of segregation in America, and the financial disparities it created, means it will be generations before the wealth gap is eradicated. Parker Gilkesson, 27, bought her first home last year. Gilkesson grew up hearing stories of family members like her grandfather, who tried to buy a home in Bowie, Maryland, in the 1950s, but who could not find anyone willing to sell to a Black person. As an adult, Gilkesson was determined to not let history repeat itself. Besides, rents were rising in Washington, D.C., where she works, and she worried that she’d soon get displaced and have to leave.

 

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