Black individuals, their families, and their communities lag behind their white counterparts in economic growth. Several factors perpetuate this cycle of wealth inequality, such as mortgage market discrimination, access to stable jobs and good wages, and labor market discrimination. These lead to fewer tax benefits as they have lower-incomes, so these benefits are not made available to them.
The income gap between black and white households is broad and affects black communities very negatively. It denies them the possibility of upward mobility. Education is often seen as a tool to move up economically, but even when educated, black men do not get the same opportunities or respect as white men. Closing the income gap in communities would be difficult but not impossible, and it would require a lot of support from the local government and private businesses or anyone who has an interest in seeing black communities turn into decent places to live