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22

May

Until 1962, out of 120 billion dollars of government backed home loans, less than 2% went to non-white households. In Northern California, between the war and 1960, of 350 thousand federally guaranteed new home loans, less than 100 went to black families.

And so explains one of the deep aspects of white privilege. Living in a  country that laid the foundation that gives you more of a chance to come from a family that has financial stability, property and investments. These systematic top down acts directly lead to current levels of income inequality & concentrated poverty. DIRECTLY.

But yeah no, it’s all about bootstrap pulling.

(via newwavefeminism)

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