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Racial wealth gap

Can ‘Baby Bonds’ Eliminate the Racial Wealth Gap in Putative Post-Racial America?

Darrick Hamilton & William Darity Jr.

April 4, 2026 at 6:25:26 AM

Abstract

Despite an enormous and persistent black-white wealth gap, the ascendant  American narrative is one that proclaims that our society has transcended the racial  divide. The proclamation often is coupled with the claim that remaining disparities are  due primarily to dysfunctional behavior on the part of blacks. In such a climate it  appears the only acceptable remedial social policies are those that are facially race  neutral. However, even without the capacity to redistribute assets directly on the basis  of race, our nation still can do so indirectly by judiciously using wealth as the standard  for redistributive measures. We offer a bold progressive child development account  type program that could go a long way towards eliminating the racial wealth gap.

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