First of all, of you live in a home in a black neighborhood, it’s worth, on average, $48,000 less than an identical home in an identical white neighborhood.

Part of this is because of the history of redlining and it’s partly because white people just don’t want to live around us

— michaelharriot (@michaelharriot) February 24, 2020

We know that schools are funded by property taxes. So, if you’re white, your kids get to go to a better school. This has nothing to do with your “investments.”
It’s white privileged.

— michaelharriot (@michaelharriot) February 24, 2020

So, of course, the white districts are considered better because they had higher scores, more college attendees and more programs.

But the advantages were built in.

— michaelharriot (@michaelharriot) February 24, 2020

But let’s say both kids graduated from college.

I mentioned a study by @theSBPC yesterday. The study was really incredible in revealing institutional racism.

Here’s what they did.

— michaelharriot (@michaelharriot) February 24, 2020

The study found that kids who went to majority black schools were charged higher rates than any other group—even though their credit, income, jones etc were IDENTICAL.

— michaelharriot (@michaelharriot) February 24, 2020

Part of your credit score calculates debt. So, simply being black—NOTHING ELSE —means you have a higher credit score.

But now you need a car. Remember, your debt is already higher bc you’re black

Well, @CRLONLINE found that auto lenders charge black borrowers higher rates

— michaelharriot (@michaelharriot) February 24, 2020

So you have a car, an education and you want to buy a home.

In 2018, @reveal did a study. They didn’t look at a group@of black borrowers v whites. They essentially looked at the govt data from every mortgage over a decade—31 million loans

— michaelharriot (@michaelharriot) February 24, 2020

Now, here’s a real-world example.

That study by @theSBPC found that a student who graduated from Howard would have to pay $3800 more than an identical NYU grad to refinance a student loan.

— michaelharriot (@michaelharriot) February 24, 2020