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 were the wealth loss percentages for African Americans, Latinos, and whites during the Great Recession?

In what ways might the racial wealth gap have long-term ramifications on the country's economic growth?

What are some of the complex linkages between inequality and economic growth mentioned in the text?

How does rising inequality potentially affect consumer spending and economic growth?

What is the significance of understanding the linkages between inequality and growth according to the text?