Noun

Outcomes resulting from systemic racism and injustice, where people of color fare much worse than their White counterparts. We tend to use different terms to describe racial inequities such as “achievement gap” in education, “health disparities” in healthcare, neutralizing the cause of these differences. According to the 2015 Color of Wealth report by the Federal Reserve Bank of Boston, there are significant differences in wealth (assets minus debts) by race in Boston. White people had a median household net worth of $247,000 compared to African Americans having $8. This is a result of unjust policies and systems that historically benefited White people and disadvantaged people of color and continue to do so. 

Source

Adapted from the Center for Social Inclusion and informed by Racial Equity Institute’s Groundwater Approach and the Federal Reserve Bank of Boston’s Color of Wealth report