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Will COVID-19 Worsen the Racial Wealth Gap in the United States?

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  • Kalpana Khanal
  • Sophia Prouty
  • Thomas Stedman

Abstract

As COVID-19 cases in the United States (U.S.) have skyrocketed, the virus seems to disproportionately affect Blacks, minorities, and the poor. In addition to inversely affecting public health, COVID-19 confronts Americans with an economic crisis. It has exasperated some pre-COVID-19 economic and health disparities—including wealth gap, housing disparity, lack of job security, and so forth among black Americans. The goal of this article is threefold: first by following an historical approach it explores why a significant wealth gap exists between Americans. Second, it explores how systemic economic inequality is magnified by the COVID-19 pandemic. Third, it recommends some policies to address economic inequality and close the existing wealth gap.

Suggested Citation

  • Kalpana Khanal & Sophia Prouty & Thomas Stedman, 2021. "Will COVID-19 Worsen the Racial Wealth Gap in the United States?," Journal of Economic Issues, Taylor & Francis Journals, vol. 55(2), pages 499-508, April.
    • Handle: RePEc:mes:jeciss:v:55:y:2021:i:2:p:499-508
    DOI: 10.1080/00213624.2021.1913376
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