African american Quote by Matthew Desmond

Between 2007 and 2010, the average white family experienced an 11% reduction in wealth, but the average black family lost 31% of its wealth.…

— Matthew Desmond

While the banks got big bailouts, a sizeable chunk of African-American wealth evaporated because so many people lost homes.

— Julianne Malveaux

“While this number puts the economic fragility of America’s families in a new light, the shocking statistic is that nine out of every ten…

— Thomas Shapiro

“For the first time in the history of America, New Deal policies made homeownership a real possibility for white families, but black families were…

— Matthew Desmond

Groups that work in black neighborhoods around the country have contended that much of subprime lending is 'predatory lending.'

— Bill Dedman

“number of working-class whites in high-poverty neighborhoods is growing. In 1970, 25 percent of white children lived in a neighborhood with poverty”

— J.D. Vance

“The number of working-class whites in high-poverty neighborhoods is growing. In 1970, 25 percent of white children lived in a neighborhood with poverty rates…

— J.D. Vance

African Americans, in particular, saw their cumulative wealth crash. They used to have 10 cents on the dollar of the average white family. That…

— Jill Stein

Subprime lending is growing faster in black areas than in white areas.

— Bill Dedman

I had begun to worry about the housing market back in 2003, when lenders first resurrected interest-only mortgages, loosening their credit standards to generate…

— Michael Burry

When you look at the wealth gap - the racial wealth gap - all of that is very much connected to housing.

— Raphael Warnock

“Families have watched their incomes stagnate, or even fall, while their housing costs have soared. Today, the majority of poor renting families in America…

— Matthew Desmond