We already know that the American criminal justice system perpetuates racial and economic inequality — but now we can put a dollar amount to it. Our new report shows the staggering numbers and how dire the consequences are to people’s lives. People who have spent time in prison see their subsequent annual earnings reduced by an average of 52 percent, translating to an loss of nearly $500,000 over a lifetime just because of incarceration. Even a misdemeanor has lasting economic consequences, with annual earnings after conviction reduced by an average of 16 percent. And while white people who have a prison record see their earnings trend upward over time, Black and Latino people experience a relatively flat earnings trajectory. Because Black and Latino people
are overrepresented in the criminal justice system, these effects are concentrated in their communities and exacerbate the racial wealth gap.
|