![Two hands reaching for money in the middle of the image](/sites/default/files/styles/357x215/public/2024-07/iStock-1484771468.png?h=5b024291&itok=reTpvBSs)
Boosting the returns on homeownership for black families would reduce the wealth gap with white families by more than $17,000, or 16%, according to a 2015 report from the public-policy organization Demos and the Institute for Assets and Social Policy at Brandeis University.
As a result, black Americans who are homeowners in these areas haven’t seen the same wealth-creating benefits of rising home values as their peers in other places. Researchers argue that this had exacerbated the racial-wealth gap.
Boosting the returns on homeownership for black families would reduce the wealth gap with white families by more than $17,000, or 16%, according to a 2015 report from the public-policy organization Demos and the Institute for Assets and Social Policy at Brandeis University.