The black community has not recovered from the Great Recession and is still dealing with foreclosures. Avis Thomas Lester talks to Senior Research Fellow Algernon Austin about whether we can expect any improvement:
The news going forward for Blacks is bleak, according to Algernon Austin, senior research fellow at the Center for Global Policy Solutions in Washington, D.C.
Wages are still down and joblessness is still up.
“Data from the Urban Institute out to 2030 do not show a recovery,” Austin said. “[They show] a continued slide in terms of home ownership for Blacks. That’s pretty distressing. It doesn’t show any strong upward movement for Whites, either.”
