Oct. 7, 2020
POSTED IN: RARE > Hot Topics

Cost Of Racism: U.S. Economy Lost $16 Trillion Because Of Discrimination, Bank Says

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Citigroup estimates the U.S. economy lost $16 trillion over the past 20 years as a result of discrimination against African Americans. Above, the American flag hangs in front of the New York Stock Exchange on Sept. 21. Spencer Platt/Getty Images

Nationwide protests have cast a spotlight on racism and inequality in the United States. Now a major bank has put a price tag on how much the economy has lost as a result of discrimination against African Americans: $16 trillion.

Link: https://www.npr.org/sections/live-updates-protests-for-racial-justice/2020/09/23/916022472/cost-of-racism-u-s-economy-lost-16-trillion-because-of-discrimination-bank-says