Whereas 2022 data from the Federal Reserve System has showed that the racial wealth gap in the United States has persisted into the 21st century, as the average per capita wealth for White people in the United States was $284,310 compared to only $44,100 for Black people in the United States; Whereas access to high-quality education has been identified as a key factor in narrowing the racial wealth gap in the United States, yet extraordinary income inequality has diminished opportunities for families from low-income backgrounds; Whereas educational segregation by income poses a threat to the promise of equal opportunities in education; Whereas the failure of the Federal Government to effectively address growing inequality has resulted in decreased economic mobility rates in the United States and made the American dream more elusive, as evidenced by a decline in the fraction of children who earn more than their parents, primarily due to the growth in inequality; Whereas the enduring legacy of Jim Crow laws, which aimed to lower economic progress of Black people in the United States through racial segregation, disenfranchisement, and limitation of geographic mobility, has left a lasting imprint on the socioeconomic standing of Black people in the United States; Whereas Jim Crow laws directly targeted education and other areas of life, significantly hindering the pursuit of prosperity by Black people in the United States and contributing to the persistent economic divide; Whereas homeownership in the United States, a critical avenue for wealth building, remains significantly less attainable for Black people compared to White people, with disparities in homeownership rates exceeding 30 percent in some cities, exacerbating the racial wealth gap and hindering the ability of Black families to accumulate and pass down wealth across generations