An analysis of financial institutions in Black-majority communities: Black borrowers and depositors face considerable challenges in accessing banking services

An analysis of financial institutions in Black-majority communities: Black borrowers and depositors face considerable challenges in accessing banking services

Report

An analysis of financial institutions in Black-majority communities: Black borrowers and depositors face considerable challenges in accessing banking services

The report provides a detailed examination of the systemic barriers that African Americans face in accessing credit and banking services in the United States. The author highlights a stark racial wealth gap, noting that in 2019, the median net worth of a white household was approximately 7.8 times higher than that of a Black household.

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