Deborah Goldring stands inside her Baltimore home. From growing up black in the segregated 1960s, Goldring pulled herself out of poverty and earned a middle-class life - until the Great Recession. First, her husband fell ill, and they drained savings to pay for nursing homes before he died. Then Goldring lost her executive assistant job of 17 years. Then came a letter from the bank, intending to foreclose on her home of almost three decades. For Goldring and many others in the black community, where unemployment is still rising, job loss has knocked them out of the middle class and back into poverty. Some even see a historic reversal of hard-won economic gains that took black people decades to achieve. (AP Photo/Steve Ruark)
Income Inequality

The Racial Wealth Gap Is Leading To An Almost-Nonexistent Middle Class

With people of color projected to make up the majority of Americans by 2043, a new study warns against policies that keep many black and Latino households out of the middle class.

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