“Money drives the world,” Nick Maggiulli argues, yet in the U.S., black households have far less capital than white households. Why is that? Maggiulli, a data scientist and blogger who specializes in personal finance, shows that this racial wealth gap is deeply rooted in systemic discrimination. In this June 4, 2020 essay, Maggiulli uses the …

Continue reading Barriers to building wealth: Nick Maggiulli on the racial wealth gap