We need to talk about the racial wealth gap
The richest 10% of households in the UK hold 44% of all wealth, and by contrast poorest 50% own just 9% (ONS, 2016). There is no doubt that wealth inequality exists in the UK and you may choose to look at it under many different lens. In this post, I am looking at it under the “race” angle. Even after considering range of characteristics that can explain the racial wealth gap in ethnic minority households, “race” itself remain a statistically significant contender in explaining the wealth gap. Read on as I tackle why the gap exists and how we can all work together to come out of it.
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