The mirage of the Black middle class
By Anne Helen Petersen
Read the full article from Vox here.
“You buy a place, that place grows in value, and either you trade up to a bigger place or you keep it until you can pass it down to your kids or your kids get the money from its sale. Stability gives birth to even more stability. That’s not what happened with Dee’s family. ‘My grandparents were bludgeoned every time the economy took a downturn,’ Dee recalls, in part because of the legacy of redlining and the devaluation of property in Black neighborhoods.”