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Housing Lesson 1: The Racial Wealth Gap

The slides will advance themselves on a timer, but you can use the controls at the bottom to pause, skip ahead, or repeat something. Be sure to turn up your volume on the video slides to hear how the foreclosure crisis has disproportionately affected people of color.

 

“Homeownership is now at its lowest rate since the Great Depression, and the gap in homeownership between blacks and whites is at its widest since 1960.”

In this lesson, you will learn about the link between homeownership and economic growth, recognizing the vital role homeownership plays in wealth accumulation. You’ll hear Beryl Satter (Rutgers University) discuss the causes and impact of the mortgage crisis, Alex Kellogg (NPR) illustrate the racial gap in homeownership, and Hilary Shelton (NAACP’s Washington Bureau) detail the way people of color have been disproportionately affected by the loan crisis.