It is deeply appreciated that the Myth of Black Buying Power has been included within the appropriate context of this new and broader study by a collective of economists and researchers into the abundance of confusion imposed regarding the realities of inequality in the United States. As the authors say in summarizing the importance of their work:
In this report, we address ten commonly held myths about the racial wealth gap in the United States. We contend that a number of ideas frequently touted as “solutions” will not make headway in reducing black-white wealth disparities. These conventional ideas include greater educational attainment, harder work, better financial decisions, and other changes in habits and practices on the part of blacks. While these steps are not necessarily undesirable, they are wholly inadequate to bridge the racial chasm in wealth (emphasis added).
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