The protests sparked by the killing of George Floyd by Minneapolis police have opened a broader discussion about racial inequality in the United States.
FILE PHOTO: A Black Lives Matter painting is seen on 16th street near the White House as protests against the death in Minneapolis police custody of George Floyd, continue in Washington, U.S. June 5, 2020. REUTERS/Joshua Roberts
An array of government programs has attempted to address the issue, including anti-poverty efforts, affirmative action to boost college enrollment, and preferences in contracting for minority-owned businesses. That gap is most apparent in family net worth estimates. Black and Hispanic families accumulate proportionately less in real estate, stocks, business assets and other forms of wealth than white families.Over time, that creates lower inheritances for children and more constraints when it comes to funding education or training - a dynamic that can help perpetuate the problem.
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