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KiwasiGames t1_ixuagn2 wrote

Reply to comment by Klesko in For most Americans, housing was a key component in personal wealth accumulation. However, racist housing policies eroded black wealth in pre-WWII American cities. Black families paid a 28% premium to buy a home on a majority white block, after which their homes lost 10% of their value. by smurfyjenkins

Australia, Canada, NZ, UK, Germany...

The US has some pretty high income inequality for the developed world. While rich Americans are generally doing extremely well, its generally a bad place to be poor.

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