Redlining: The Main Cause Of Inequality

351 Words2 Pages
White Americans have about ten times more net worth than African Americans. Redlining and generational wealth lead us to this inequality. The following items will be covered in this essay ,such as redlining, generational wealth, and inequality to explain why white Americans have more net worth than black Americans. Redlining is the main cause of inequality today because it only gave money to the white population. Well then what is redlining? Redlining is the act of outlining an area of a neighborhood in red on a map, meaning the government will not give loans to these people because they are black. “Between 1934 and 1962, the federal government backed $120 billion of home loans; more than 98 percent went to whites.”Paragraph 11 of The House
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