Citygroup's study determined that since the year 2000, continuing discriminatory practices in four areas resulted in a loss of 16 trillion dollars. The breakdown is as follows:
“Closing the Black racial wage gap 20 years ago might have provided an additional $2.7 trillion in income available for consumption and investment.
Improving access to housing credit might have added an additional 770,000 Black homeowners over the last 20 years, with combined sales and expenditures adding another $218 billion to GDP over that time.
Facilitating increased access to higher education (college, graduate, and vocational schools) for Black students might have bolstered lifetime incomes that in aggregate sums to $90 to $113 billion.
Providing fair and equitable lending to Black entrepreneurs might have resulted in the creation of an additional $13 trillion in business revenue over the last 20 years. This could have been used for investments in labor, technology, capital equipment, and structures and 6.1 million jobs might have been created per year.”
Citigroup determined money lost due to racial discrimination against blacks since 2000. At a minimum, reparations can be requested for money lost from 2000 until right now. If we only take lost income from racism starting in 2000, it equals $57,569 per black person in America based on the 2020 U.S. Census. Including all losses due to racial discrimination equals $277,185 per black person in America. This is money for things done in OUR LIFETIMES.
Dana M Peterson, Catherine L Mann
, Closing the Racial Inequality Gaps, The Economic Cost of Black Inequality in the U.S., pg. 4,
Closing the Racial Inequality Gaps - CitiGPS