Thread by @DanPriceSeattle

Compared to white people:
*Black-owned homes devalued 23%
*Black-owned property taxes 13% higher
*Bank fees 2x higher for black customers
*Black-owned biz closed at twice the rate in pandemic
*Black people w/ NO criminal record earn $10k less than white people w/ criminal record

Sources on all that
1. Homes devalued nytimes.com/2020/08/25/rea…
2. Property taxes washingtonpost.com/business/2020/…
3. Bank fees cnbc.com/2021/01/13/bla…
4. Small business closures bloomberg.com/news/articles/…
5. Pay/criminal record comparison brennancenter.org/our-work/resea…

*Black college grads have 50% less wealth than white high school dropouts
*Top 10 most-audited counties are 79% people of color
*Black-white homeowner gap is bigger now than 120 years ago
*Electoral college gives white people 16% more voting power than Black people

Sources on that:
1. College/high school dropout wealth gap: newyorker.com/news/news-desk…

2. Most audited counties: theguardian.com/us-news/2020/o…

3. Homeownership gap marketwatch.com/story/the-raci…

4. Electoral college washingtonpost.com/business/2020/…

*All Black Americans combined have half the wealth of richest 400 ppl
*White ppl get inheritance at 3x the rate of Black ppl
*Black college grads have $25k more in student debt than white grads
*Black families have $166k less wealth than white families, more than pre-Civil Rights

Sources on that
*Black wealth total: brookings.edu/research/closi…
*Inheritance federalreserve.gov/econres/notes/…
*Student loan debt: google.com/url?sa=t&rct=j…
*Wealth gap: brookings.edu/blog/up-front/…

*Black-owned businesses get 3% of all biz loans
*Black unemployed workers get unemployment benefits at half the rate of white workers
*Black people own 1% of all stocks
*Net worth of older Millennials with a college degree: 10x higher for white grads than Black grads

Sources on that
*Black-owned business loans bizjournals.com/portland/news/…
*Unemployment benefits gap usatoday.com/story/money/20…
*Black-owned stocks politico.com/states/new-yor…
*Millennial college grad net worth comparison marketwatch.com/story/student-…

*Since the Civil War/slavery ended, Black families have gone from holding 0.5% of all wealth to 1.5%
*Black ppl are 4x more likely than white ppl to be arrested for marijuana
*Where it's legal, black people own 4% of cannabis businesses
*0% of Fortune 500 CEOs are black women

Sources on that
*Marijuana arrests norml.org/marijuana/fact…
*Cannabis business owners mjbizdaily.com/chart-19-canna…
*Fortune 500 CEOs cnbc.com/2020/08/03/clo…
*Black wealth "growth" atlantamagazine.com/news-culture-a…

*Scooter startup Bird got more funding than all Black women startups combined last year
*Black sons of ppl in the richest 1% are arrested at same rate as white sons of ppl in poorest third
*20 years after college, white students have 5% of loan left vs 95% left for Black students

Sources on that
*Startup funding fastcompany.com/90531094/for-b…
*Arrest rates by parents' wealth economist.com/briefing/2020/…
*Student loan payoff rate
nbcnews.com/news/us-news/s…

*Black students are 2.5x likelier than white students to be arrested at school after controlling for poverty
*1950: black men made 51 cents for every $1 white men made. Now: 51 cents
*Corporate stock buybacks/dividends in last 15 years benefited white ppl 72x more than Black ppl

Sources on that
*Student arrest rates theguardian.com/us-news/2020/j…
*Stock buyback/dividend gap yahoo.com/?err=404&err_u…
*Male income gap unchanged in 70 years: nytimes.com/2020/06/25/opi…

*Americans think Black people have 90% of the wealth white people do. It's actually 10%
*Black homeowners are still 5x more likely to be in old redlined areas, 50 years after redlining was outlawed
*Facial recognition is 100x more likely to misidentify black faces than white ones

Sources on that
*Wealth gap perception vs reality vox.com/2020/6/19/2129…
*Redlining still exists today redfin.com/news/redlining…
*Facial recognition bias washingtonpost.com/technology/201…

*37% Black families have $0 net worth, 2x rate of white families
*Under the post-WWII GI bill, 0.1% of homes went to Black vets
*Black Americans are 3x likelier than white ppl to be killed by police
*In 8 cities the rate of police killing Black men is higher than U.S. murder rate

Sources on that
*$0 net worth washingtonpost.com/business/2020/…
*GI Bill history.com/news/gi-bill-b…
*Killed by police death rates weforum.org/agenda/2020/06…
*Police killing Black men vs. U.S. murder rate
vox.com/2020/5/31/2127…

*Black-owned small biz were 3x less likely than white-owned biz to get PPP bailout
*Covid death rate is 2x higher for Black ppl than white ppl
*Historically-Black Howard U. grads pay $3,500 more for loans than similar NYU grads
*Min wage workers 2x likelier to be Black than white

Sources on that
*Covid death rate apnews.com/article/71d952…
*Higher interest rates for Black people bloomberg.com/news/articles/…
*Minimum wage worker disparity bloomberg.com/news/articles/…
*PPP disparity nytimes.com/2020/05/18/bus…

*Black grads are 5x more likely than white grads to be in default on student loans npr.org/2019/12/09/785…
*Black voters are 74% likelier than white voters to wait at least 30 minutes at the polls nber.org/papers/w26487

whoops - broke the thread. Continues here

https://twitter.com/DanPriceSeattle/status/1349424961568563202

thread continues

https://twitter.com/DanPriceSeattle/status/1349427060377325568

OK I'll stop there. These are just the stats I have compiled through my own research in the last year. Many people have much more information and are better-equipped to explain this and offer solutions.

But i think it's important for white people to talk about this.