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Thanks to growing momentum and changing attitudes among Americans, Brookings Institution fellow Andre Perry predicts that within 10 years the U.S. will provide some form of reparations to Black people.

What we're hearing: "What's happening in the streets today is indicative of the attitude change that is occurring in America," Perry, a scholar-in-residence at American University and author, said during our interview for "Axios on HBO."

  • "When I look out there, it's a much more diverse coalition than I've ever seen before. And so I'm encouraged that reparations is going to happen."

Why it matters to the market: Recent economic analyses by McKinsey & Company and Citigroup have both estimated that the racial wealth gap has cost the U.S. economy trillions of dollars and will continue to hold back economic growth until it is closed.

  • Citi's global economists estimate that closing the gap would add $1 trillion a year to the U.S. economy over the next five years.

Yes, but: Perry cautioned that while he believes reparations are "a moral debt that is owed to black people" and should be paid out in the form of direct cash or check payments, similar to the $1,200 direct payments that were a part of the CARES Act this year, he expects any reparations provided in the near term will likely be a means-tested fund that benefits some, but not all, Black people.

  • He expects it would provide funding for education, housing or business formation.

The last word: "I do think you're going to see some type of demand and that demand will be heard ultimately," Perry said.

  • "So I think within 10 years you're going to see some form of reparations distributed to Black Americans."

Go deeper

Dec 18, 2020 - Politics & Policy

Sen. Ron Johnson blocks Hawley bill proposing $1,200 stimulus checks

Sen. Ron Johnson (R-Wis.) on Friday objected to Sen. Josh Hawley's (R-Mo.) motion to pass a bill via unanimous consent that would provide $1,200 to Americans in the form of direct stimulus checks, citing the ballooning national debt.

Why it matters: Hawley has teamed up with an unlikely partner, Sen. Bernie Sanders (I-Vt.), in a push to include direct payments in Congress' next coronavirus relief package, which has entered the final stages of negotiations.

Civil rights leaders plan a day of voting rights marches

Martin Luther King III and Rev. Al Sharpton. Photo: Cheriss May/Getty Images

Civil rights leaders from Washington to Phoenix are planning marches on Aug. 28 to push Congress to pass new protections around voting rights.

Why it matters: A landmark voting rights proposal remains stalled in the U.S. Senate, as Sens. Joe Manchin (D-W.Va.), Kyrsten Sinema (D-Ariz.) and other moderates block efforts at filibuster reforms to advance a bill held up by Republicans.

Latinos twice as likely as white people to die from gunfire

Expand chart
Data: Violence Policy Center; Chart: Will Chase/Axios

Nearly 3,000 Latinos each year have died from gunfire in the United States over the last two decades, making them twice as likely to be shot to death than white non-Hispanics, according to a study from the Violence Policy Center.

By the numbers: Almost 70,000 Latinos were killed with firearms between 1999 and 2019, 66% of them in homicides, according to the center’s data analysis.