Home equity dominates older Americans’ wealth regardless of race

Evidence

For renters age sixty-five and over, white net worth is 11,070 compared with homeowner net worth of 384,100. The net worth of minority homeowners is 145,300 compared with renters' net worth of 2,000. — Dorothy A. Brown, Getting to Reparations, 1353

Categorization

• XREF: Core empirical support for the home-ownership-centered reparations case — connects to chapter’s thesis that house wealth is the overwhelming driver of the racial wealth gap. — connects to: Home equity drives black net worth far more than white net worth — Dorothy A. Brown, Getting to Reparations: How Building a…, 1284; Homeownership fails as a wealth-building tool for Black Americans due to structural discrimination — Nikole Hannah-Jones et al., The 1619 Project: A New American Origin…, 1376; White families’ initial advantages compound through home equity far exceeding racial market averages — Dorothy A. Brown, The Whiteness of Wealth: How the Tax…, 476 (+2 more)
• yield-rescued: below the book’s yield-target cutoff, included anyway for connecting to: Home equity drives black net worth far more than white net worth — Dorothy A. Brown, Getting to Reparations: How Building a…, 1284; Homeownership fails as a wealth-building tool for Black Americans due to structural discrimination — Nikole Hannah-Jones et al., The 1619 Project: A New American Origin…, 1376; White families’ initial advantages compound through home equity far exceeding racial market averages — Dorothy A. Brown, The Whiteness of Wealth: How the Tax…, 476 (+2 more)

Broader Connections

• Home equity forms two-thirds of black American net worth. #exemplifies (0.92) — Dorothy A. Brown, The Whiteness of Wealth, 228
• Homeownership fails as a wealth-building tool for Black Americans due to structural discrimination #complicates (0.78) — Nikole Hannah-Jones et al., The 1619 Project, 1376