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Planet Money

Rethinking Black Wealth

Planet Money

NPR

Business, News

4.629.8K Ratings

🗓️ 7 October 2020

⏱️ 21 minutes

🧾️ Download transcript

Summary

Homes in Black neighborhoods are valued lower than homes in white neighborhoods. Why? This episode, Dr. Andre Perry flips the narrative of the racial wealth gap. | Subscribe to our weekly newsletter here.

Transcript

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0:00.0

This is Planet Money from NPR.

0:06.3

When Andre Perry went to college, he was already becoming something of a policy nerd.

0:10.8

He wanted to study history and political science and spend time in the basement of the library

0:15.9

reading official government reports from the 1960s.

0:19.7

One of the first reports I read was the Moynihan report.

0:23.2

And for those who don't know is a significant report in the 60s that provided a state of

0:31.3

black America, so to speak.

0:33.4

And this was something Andre knew a little bit about Zing as he grew up in black America.

0:38.3

In fact, he grew up in the small predominantly black town of Wilkinsburg, Pennsylvania, surrounded

0:43.2

on three sides by Pittsburgh.

0:45.1

And the report was essentially about life in a town like that.

0:47.8

It was written in 1965 by Daniel Patrick Moynihan.

0:51.7

At the time he was the assistant secretary of labor, but he would go on to become this

0:55.3

famous liberal senator from New York.

0:58.4

The report was called the Negro family, the case for national action.

1:03.4

So the original goal of this report was to understand the roots of racial inequality

1:07.9

and economic and sociological analysis.

1:11.4

But when Andre read it, he thought this conclusion seems very off.

1:17.6

It said a horrible example of blaming poverty on black women's marital behaviors and living

1:26.6

arrangements.

1:27.8

Moynihan argued that decades of segregation and oppression forced black families into

1:32.7

a metriarchal family structure, families headed by women.

...

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