Racial inequality cost US economy $16 trillion in two decades: Report


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According to a report by Citigroup, the United States economy suffered losses worth $16 trillion in wealth in the last two decades due to racial inequality in the country. "Addressing racism and closing the racial wealth gap is the most critical challenge we face in creating a fair and inclusive society and we know that more of the same won't do," said Citigroup Chief Executive Michael Corbat.