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<v 0>The pandemic really illuminated the wealth gap.</v>

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We can certainly say that it hardened it because black people, Latin X people,

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indigenous people tended to be more effected economically than white houses.

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<v 1>Really disproportionate toll on black households,</v>

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indigenous families, Latino families.

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And there was a recent analysis that showed that black families really.

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<v 0>Went deeper into debt. They fell behind on their mortgage payments.</v>

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More often black people, for example, tend to.

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<v 1>Have a higher unemployment rate than whites.</v>

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And that just increased during the pandemic.

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<v 0>Um, like people have less savings to fall back on,</v>

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and it's not because we save less than other communities,

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but when you're paid less, when your unemployment rate is higher,

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it's harder to really build up a significant nest egg.

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So it's not saying that white households didn't suffer. They did,

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but when they had a crisis,

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they had more resources to fall back on white families have about eight

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times the wealth.

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<v 1>Of black families.</v>

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And that means having the assets to fall back on in terms of

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passing on an inheritance, being able to pay for your child to go to college,

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having real estate that you can pass along. And so.

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<v 0>It's really about more than income income as a piece of it.</v>

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Even if you got rid of college debt, for.

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<v 1>Instance, and you had a national retirement plan.</v>

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<v 0>The center for American progress says that there would still be 50%,</v>

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a 50% divide between black and white households equal to about

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$200,000, which is the difference in the inheritance that the.

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<v 1>Average white family passes on to their children and grandchildren.</v>

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<v 0>There are advocates that say that one thing that could really help is increasing</v>

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the minimum wage,

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dealing with the student debt crisis and enabling people to join unions,

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really enforcing the housing discrimination laws. And lastly, you know,

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some people say their reparations needs to be looked at.