Fifteen cents on the dollar. Fifteen cents—the data virtually stuck where it was generations ago—is the amount of wealth that typical Black families have compared to one dollar of the typical white family’s wealth. This Black-white wealth ratio remains almost as stark as it was in the years after the Civil War, when it stood at 1.8 cents on the dollar. The gap initially narrowed quickly in the late 1800s, but then its progress was halted. Further improvements in the later 1900s were reversed in the 2000s. Hundreds of years into our national history, and despite the recent racial reckoning, Black Americans continue to encounter structural barriers that were long ago designed to restrict their economic success. Most Black Americans are still born into comparative economic disadvantage and face near-impossible odds to achieve equality.  But why has this number been stuck in place so long, and how can Americans better understand the role racial wealth gaps play in the world around them?

Now, in FIFTEEN CENTS ON THE DOLLAR: How Americans Made the Black-White Wealth Gap, seasoned journalist-academics Louise Story and Ebony Reed offer a comprehensive, deeply human narrative history of Black wealth and the economic discrimination embedded in America’s financial system through public and private policies that created today’s Black-white wealth gap. Following the lives of seven Black Americans—some famous and some not well-known—of different economic levels, ages, and professions during the three years following the police killing of George Floyd, the authors bring data, research, and history to life. The trail of these families connects events after the Civil War and throughout the twentieth century to the lives of inspiring individuals today. FIFTEEN CENTS ON THE DOLLAR shows the scores of setbacks that have held the Black-white wealth gap in place—from enslavement, redlining, and banking discrimination to, ultimately, failures that occurred in the mid-2020s as the push for racial equity became a polarized political debate.

“America, and Americans, made the Black-white wealth gap,” write Story and Reed. “And our society continues to hold it in place.” Signs of incremental progress have been hollow victories against generations-old systemic injustice. FIFTEEN CENTS ON THE DOLLAR provides crucial insight into American economic equity, Black business ownership, and political and business practices that leave Black Americans behind. In chronicling these staggering injustices, it also reveals the keys to lasting change.