Page:Students for Fair Admissions v. President and Fellows of Harvard College.pdf/220

12 between home ownership and wealth. Today, as was true 50 years ago, Blackblack [sic] home ownership trails Whitewhite [sic] home ownership by approximately 25 percentage points. Moreover, Blackblack [sic] Americans’ homes (relative to Whitewhite [sic] Americans’) constitute a greater percentage of household wealth, yet tend to be worth less, are subject to higher effective property taxes, and generally lost more value in the Great Recession.

From those markers of social and financial unwellness flow others. In most state flagship higher educational institutions, the percentage of Blackblack [sic] undergraduates is lower than the percentage of Blackblack [sic] high school graduates in that State. Black Americans in their late twenties are about half as likely as their Whitewhite [sic] counterparts to have college degrees. And because lower family income and wealth force students to borrow more, those Blackblack [sic] students who do graduate college find themselves four years out with about $50,000 in student debt—nearly twice as much as their Whitewhite [sic] compatriots.

As for postsecondary professional arenas, despite being about 13% of the population, Blackblack [sic] people make up only about 5% of lawyers. Such disparity also appears in the business realm: Of the roughly 1,800 chief executive officers to have appeared on the well-known Fortune 500 list, fewer than 25 have been Blackblack [sic] (as of 2022, only six are Blackblack [sic]). Furthermore, as the COVID–19 pandemic raged, Blackblack [sic]-owned small businesses failed at dramatically higher rates