In DNC speech, Michelle Obama rewires America’s conversation on race - The Washington Post

There is no question that Black and White Americans did not have equal access to economic success in the 1950s or 1960s. They didn't in later decades, either, thanks to ongoing overt discrimination (like being unable to rent an apartment) and discriminatory patterns built in to lending and jobs systems (such as making it harder to obtain a mortgage for homes in some neighborhoods). Nearly every American has a parent or grandparent who was alive in the era of explicit discrimination — that's two generations away. Generational wealth, then, almost necessarily means wealth rooted in an American economy where explicit discrimination existed. It also means wealth that still enjoys the sorts of systemic protections and advantages, including ones from the government, that are pilloried when focused on addressing historical inequality...

https://www.washingtonpost.com/politics/2024/08/21/with-six-words-michelle-obama-rewires-americas-conversation-race/