Yellen: Widening Racial Wealth Gap 'Extremely Disturbing'

The video discusses the widening racial wealth gap in the U.S., exacerbated by the Great Recession. It highlights the significant wealth losses experienced by African Americans and Latinos compared to whites. The discussion explores the complex relationship between inequality and economic growth, noting that higher income individuals tend to spend less, potentially suppressing consumer spending and growth. The video also examines how inequality affects education and training opportunities, which can have long-term negative impacts on economic growth.

What was the percentage of wealth loss for African Americans during the Great Recession?

• 75%

• 16%

• 66%

• 52%

How did the Great Recession affect the wealth of Latinos compared to whites?

• Latinos lost more wealth than whites

• Latinos lost less wealth than whites

• Both lost the same amount

• Whites lost more wealth than Latinos

What is one potential impact of the racial wealth gap on economic growth?

• Improved education opportunities

• Higher employment rates

• Suppressed growth rate of consumer spending

• Increased consumer spending

What is a possible linkage between inequality and economic growth?

• Higher income individuals spend more of their income

• Lower income individuals save more

• Higher income individuals may spend less of their income

• Inequality has no impact on growth

How might rising inequality affect education and training opportunities?

• It increases opportunities for all

• It has no effect on opportunities

• It may limit opportunities for some

• It guarantees equal opportunities