U.S. suffered $16 trillion loss over 20 years due to racism new Citigroup study finds By David Brancaccio, Nova Safo, and Alex Schroeder Generations • Leadership

It’s a colossal number: $16 trillion. That’s the economic loss suffered over 20 years due to racism in America, according to a new study by the big bank Citigroup.

The study offers policies to add $5 trillion in extra economic activity over the next five years. Marketplace’s Nova Safo looked into the study. The following is an excerpt of his conversation with “Marketplace Morning Report” host David Brancaccio.

David Brancaccio: How’d Citigroup get $16 trillion?

Nova Safo: The study divides this into several areas where it points out pervasive discrimination against Black Americans, such as homeownership and lower wages compared to white workers.  Click here for the full article by David Brancaccio, Nova Safo, and Alex Schroeder

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