In this year’s report, we found that people of color are experiencing a silent economic depression. It’s silent because it’s going unnoticed, unacknowledged, and unaddressed — and yet the evidence is striking.
While the general population has been in recession for one year, people of color have been in recession for five years. By definition, a long-term recession is a depression.
We detail additional evidence that shows the current racial economic inequity, including poverty rates, wealth and assets and economic mobility. While racial barriers did not prevent an African American from becoming president, they continue to impede many people of color from achieving the same economic success as their white counterparts.