Racism has cost America $16 trillion this century alone

9.24.20

According to a CNN Business article, racism has cost America $16 trillion this century alone.

America’s failure to address wide gaps between Black and White communities has cost the economy up to $16 trillion over the past 20 years, according to an analysis published by Citigroup this week.
The report — focusing on inequities that exist in wages, education, housing and investment — underscores racial tensions that are helping to fuel unrest in the United States today.