Democracy in Black: How Race Still Enslaves the American Soul

by Eddie S. Glaude Jr.

African Americans lost 31 percent of their wealth between 2007 and 2010. White Americans lost 11 percent. By 2009, 35 percent of African American households had zero or negative net worth. According to the Pew Research Center, by 2011, black families had lost 53 percent of their wealth.