Title : "Now a major bank has put a price tag on how much the economy has lost as a result of discrimination against African Americans: $16 trillion."
link : "Now a major bank has put a price tag on how much the economy has lost as a result of discrimination against African Americans: $16 trillion."
"Now a major bank has put a price tag on how much the economy has lost as a result of discrimination against African Americans: $16 trillion."
NPR reports.Since 2000, U.S. gross domestic product lost that much as a result of discriminatory practices in a range of areas, including in education and access to business loans, according to a new study by Citigroup.... Specifically, the study came up with $16 trillion in lost GDP by noting four key racial gaps between African Americans and whites:Here's the study.
- $13 trillion lost in potential business revenue because of discriminatory lending to African American entrepreneurs, with an estimated 6.1 million jobs not generated as a result
- $2.7 trillion in income lost because of disparities in wages suffered by African Americans
- $218 billion lost over the past two decades because of discrimination in providing housing credit
- And $90 billion to $113 billion in lifetime income lost from discrimination in accessing higher education
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