How do racial disparities and geographic influence contribute to wealth disparities in the United States?

Racial disparities and geographic influence play a big role in creating wealth gaps in the United States. For example, historically, certain racial groups, especially Black and Hispanic communities, have faced discrimination that limited their access to good jobs and education. This means they often earn less money and have fewer opportunities to build wealth compared to white families. Additionally, where people live can affect their wealth; areas with fewer resources, like schools and jobs, can make it harder for families to succeed financially. So, if a family lives in a neighborhood with high poverty and low investment, they may struggle more than a family in a wealthier area, leading to a cycle of poverty that is hard to break.