15 Cents on the Dollar: Wealth Gap Between Black & White Americans Explained

15 Cents on the Dollar: Wealth Gap Between Black & White Americans Explained | Amanpour and Company

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This week the United States celebrated Juneteenth, the new federal holiday commemorating the end of slavery in 1865. But, nearly 160 years later, the financial inequality between African Americans and their white peers remains stark, as our next guests lay out in their new book, "Fifteen Cents on the Dollar: How Americans Made the Black-White Wealth Gap." Co-authors Ebony Reed and Louise Story chart the history of racial wealth disparity through the eyes of seven Americans.
Originally aired on June 20, 2024
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Amanpour and Company features wide-ranging, in-depth conversations with global thought leaders and cultural influencers on the issues and trends impacting the world each day, from politics, business and technology to arts, science and sports. Christiane Amanpour leads the conversation on global and domestic news from London with contributions by prominent journalists Walter Isaacson, Michel Martin, Alicia Menendez and Hari Sreenivasan from the Tisch WNET Studios at Lincoln Center in New York City.
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Пікірлер: 91

@autiejedi5857 3 ай бұрын

Great discussion, and my condolences for the loss of your spouse Ebony.

@darinheight6293 3 ай бұрын

There needs to be more talks about black people using their children’s social security numbers etc only to have them start off in life on a negative note

@81redddd 3 ай бұрын

It’s still survivors of the Tulsa blak massacre and the courts have denied them the rights to collect reparations 🙄 I’m sure they did the same thing to our previous ancestors as well. They’re just trying to wait them out until they pass away.

@sharonjefferson8701 3 ай бұрын

I remember Ebony when she covered education news at the Plain Dealer in Cleveland. Great reporter! Thank you for writing on this important topic.

@seensay2132 3 ай бұрын

The case for Reparations and in many forms is Overwhelming. And it’s not going away because the case is made through American History.

@kevinjenner9502 3 ай бұрын

In 1988 President Reagan paid $20,000 to the individual Japanese/Ameiican survivors who were incarcerated under Roosevelt’s executive order 9066.

@allencallahan1478 3 ай бұрын

A superb interview in every respect: kudos to the authors Ms. Reed and Ms. Story, to Mr. Sreenivasan, and to Amanpour & Company - one of the precious few outposts of journalism where the spirit of Edward R. Murrow lives on. May your tribe increase!

@NowHari 3 ай бұрын

Thanks for watching.

@AdalbertPtak 3 ай бұрын

It has been known for ages, that this is wanted by certain business people and politicians.

@bauttiet.h.u.g.5900 3 ай бұрын

Who?

@exquisitecaribbeanqueen7198 3 ай бұрын

I will be doing a podcast on this situation......I will be purchasing this book....Thats why reparations are needed.....

@chasefasten4120 3 ай бұрын

Wealth gaps increase in areas that experience weather disasters. Homeowners receive most of the aid distributed for rebuilding. African Americans have a low home ownership rate and some own but the homes are not deeded to them which disqualifies them from receiving the full amount of aid.

@duncanbleak3819 3 ай бұрын

The U.S. power structure is perfectly happy with "Racial Wealth Gap" and our cheap labor based economy. It won't change in any statistically meaningful way. Nevertheless, a cute discussion.

@bauttiet.h.u.g.5900 3 ай бұрын

Ppl want cheap labor because they want to be able to buy a 70" smart tv for less than $2k. Is this who you were referring to?

@jacquelinepeoples379 3 ай бұрын

Can somebody contribute to better housing? HUD is egregious.

@imperialmotoring3789 3 ай бұрын

Everything the government touches goes to hell. Housing is not mentioned in the Constitution as a federal responsibility so therefore it goes to the individual states.

@6213explorer1 3 ай бұрын

Black Wealth, White Wealth- Shapiro and Oliver (1995)

@iq-ride9329 3 ай бұрын

Juneteenth? Are we too ashamed from calling it Emancipation Day?

@JamaicaYam 3 ай бұрын

That’s what my 1865 ancestors called it. 👩🏾‍💻

@bauttiet.h.u.g.5900 3 ай бұрын

Emancipation proclamation was the day black ppl were freedom then later it was written into the constitution through an amendment. Juneteenth is relevant to some blacks in certain areas of Texas. It kinda marks the end of a process.

@olgaluciabedoya9872 3 ай бұрын

I really want to buy your book and share. Thank you for writing it☀️ All the best👏

@unpunishedguilt8052 2 ай бұрын

Thank you

@beo6211 3 ай бұрын

R E P A R A T I O N S - N O T- H O L I D A Y S ! ! !

@thecolorblack3886 3 ай бұрын

Amen! To That.

@beatsbydizzy8932 3 ай бұрын

Why is that black people can see this but everyone else don't want to see it ? Cut The Check.

@ctgal9698 3 ай бұрын

That is why there is no black and brown coalition. Majority of other non black immigrants don't believe in reparations either especially Asians even though our government compensated the Japanese Americans affected by WW2 prison encampments

@patrisio3 3 ай бұрын

You might get a check...you just might have to take a chip or mark to get it. The powers that be are trying to collapse the dollar and go into a one world currency.

@Lakersman24 2 ай бұрын

This country was 95% Black and white in 1970. The other racial groups mostly came after the fact and compete in America. They don’t have any real and sustained history of fighting for rights in this country. They want the freedoms, but not the harms.

@martavillanueva1062 3 ай бұрын

There is surely a lot of white making .15¢ . We need to know these numbers.

@thecolorblack3886 3 ай бұрын

Thank you for your BOOK, but we need reparations, and we need it NOW!

@bauttiet.h.u.g.5900 3 ай бұрын

Do they define family to mean marriage couples living in the same household or do they include single moms? Does the book detail the role of education and skills theses individuals have? Any discussion on disparities should include marriage rates and education.

@Harriet-X-Kenta 3 ай бұрын

Trying to make a dollar out of 15¢! -2pac

@patrisio3 3 ай бұрын

I'm not understanding how black Americans have $.15 cents per every white American dollar but Asian Americans have $1.30 per every white dollar. Heck, even Nigerian Americans and their offspring have about $1.40 per every white dollar in the U.S.

@Lakersman24 2 ай бұрын

For 90% of this country’s history, America allowed and protected state-sponsored anti-black racism. As a community, Black Americans were not allowed to achieve equality because of strong Anglo-Americans anti-black racism. It legally ended in 1970. In 1970, African and Asian immigrants were virtually nonexistent. The Asian people were.7% of the then USA population. So, they didn’t have to withstand the full pressure of white oppression. Overcoming discrimination is one thing. But, overcoming focused, state-supported discrimination is very much another. Nigerians didn’t have that in this country. They are immigrants, like Asians and Mexicans.

@afterlifewelcomesyoutofore2992 3 ай бұрын

There is a gap between those that came before the civil war and those who came after. If your ansectors were Black slaves in America your expected to be as you always been a slave. But if your from a former colony of the British and come here your expected that you have more money then the American Blacks. If your from Africa today when your get here you will be working harder then the old American Blacks and as seen have a wealth bank account. For some reason that foreign Blacks make more money than American Blacks. Ask President Obama about how hard those Blacks from other countries work compare to those born in American.

@user-vo1ft9vn2n 3 ай бұрын

Wealth gap is not new what is new is the wealth gap is getting larger thus ADOS reparations claim for the harms done by our government.

@yajohnjohn 3 ай бұрын

Awesome Book but Terrible bullshit solutions given at the end as usual……

@bauttiet.h.u.g.5900 3 ай бұрын

The book is awesome? How did they define "family" when discussing the differences in wealth?

@kingmaafa120 3 ай бұрын

Still not enough for reparations 😮 Besides it’s June ..you know those ppl month.. o b I den and others main focus😮

@Empirecity23 3 ай бұрын

Reparations now!

@southrichmondtofl 3 ай бұрын

Every single person in this country received "reparations" money/check during the plan demic - you'd have to be blind, deaf and dumb to not realize how bad that was for the citizens of this country. With all due respect, reparations is not a smart idea...at all!!!

@livingintheforest3963 3 ай бұрын

🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸

@fashioncitymetaverse 3 ай бұрын

I VOTE JILL STEIN as President of America 💯 she is for peace ✌️

@imperialmotoring3789 3 ай бұрын

No new wars under Trump (unlike Biden and Obama) so I am voting for Trump.

@DemmeittricSwansey 3 ай бұрын

They didn’t say anything about reparations.

@kingmaafa120 3 ай бұрын

Sorry to tell you and others 🇺🇸stopped GAF bout Blk flk once they got all the labor need and became rich ..facts Since BLKS had no where to go… reluctantly 🇺🇸said..damnn let’s try to accommodate em ..some went to 🇱🇷Africa.. tbc What month is it and whose month is it plus all the minor celebrations they made for themselves You know who …It’s those ppl who have their yearly an nal month of June… Otherwise 🇺🇸to busy celebrating the alphabet ..before any Blk issues facts or doing the right thing

@alphaomega1351 3 ай бұрын

Another 2,000 years will pass and things will be the same. There's no way to win or catch up to a one sided race organically. The only solution is reparations. Give us what we are owed with interest! And don't try to add any other group or special interest. 😳

@williammcdaniel4888 3 ай бұрын

How will reparations be the solution if you put money in the hands of people who are not financially literacy what is the first thing they're going to do with the money invested or they going to spend it on a Mercedes-Benz BMW a big house jewelry fancy clothes give them certain African American money like that would only fuel The Fortune 500 companies in this country I will be back to where we at

@patrisio3 3 ай бұрын

If Asians (including the brown skinned ones from South Asian who make more than any other Asian American group) have on average obtained more household wealth than whites ($1.30 per every white $1.00) in less than 60 years (not to mention Nigerian Americans and their offspring who make more than any racial/national group in U.S.), why can't ADOS move up?

@Cacofonixravi 3 ай бұрын

Only around 1970 when the great migration of African Americans came to an end, they were able to live without dangers, it's only 50 years but whites had 400 years advantage. Still a very long way to go to narrow the gap, education should be priority for African Americans, restricting children to two maximum, atleast two generations had to put down their head and work hard to educate their children upon graduation, government should help in this regard. Gratification had to wait till the percentage goes upto 75.

@omar505 3 ай бұрын

Should’ve known that anything Killer Mike is associated with would be a failure. It’s so insulting when you see rappers doing politics for black people.

@johnnyblaze8857 3 ай бұрын

Reparations!!!! Cut that check

@BlackLiberation007 3 ай бұрын

She go from black economics to blend in with everyone first

@SteveSmith-hh2ni 3 ай бұрын

This is nonsense. People come here with nothing thrive within a few years. It's all about effort and self sacrifice.

@JanelleBell-ne4ck 3 ай бұрын

Capitalist in america exist not within the reigns of equatible justices yet in the section of checks and balances. Although some would like to believe the wealth gap is a sepratist idea it exists underlined by the investments of such corporal ideas such as wall street who invest equity and not economics as on the latter invests stocks and bonds of an equivalent value per capita on the right side have a greenlining development which comes to the household lending and then scoring for a 401 work related requirement

@JanelleBell-ne4ck 3 ай бұрын

Teachers are incurring structural rings as institutional training because the lack of mother training

@xolofimusic 3 ай бұрын

Blah Blah Blah ….

@Bob-wl4ye 3 ай бұрын

What I would like to know is what average they used. There is a big different between the arithmetic average & the medium. If the arithmetic average was used, it would be almost a worthless comparison, as there are many more very wealthy white people than black people.