New study shows how racial wealth divide is 'hollowing out America's middle class'

The Institute for Policy Studies and Prosperity Now (formerly the Corporation for Enterprise Development) published a new 25-page study this week that has grim news on the economic racial divide.

The team of four authors scrutinized what it means to be middle class by examining the wealth gap rather than income from now through 2024 as well as for 2043. That is when it’s predicted the majority of the U.S. population will be non-white.

One key finding: we’re on a path that will put...

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