The Future Impact of Artificial Intelligence on the African American Wealth Gap: Addressing the Past to Prepare for the Future
Year: 2025
Type: article
Abstract: The African American wealth gap has been a persistent issue, shaped by historical injustices such as slavery, segregation, and discriminatory financial practices. Despite these inequalities, the use of artificial intelligence (AI) presents both opportunities and risks to address these gaps. This paper explores the potential impact of Artificial Intelligence on the African American wealth gap, particularly in sectors like finance, social justice, and education. While AI can reduce human bias and provide greater access to resources, its reliance on historical data can reinforce existing racial biases, causing economic inequality if left unchecked. This research investigates the historical context of the wealth gap, evaluates current economic conditions, and assesses how AI could either bridge or widen these gaps. By examining the intersection of AI technology and racial equity, the study emphasizes the need for regulation and oversight to ensure AI systems promote inclusivity. Furthermore, it highlights the importance of expanding AI education and career opportunities within the African American community to empower individuals and promote financial inclusion.
Authors: DeShea Simon, Reina Oliver
Institution: Hampton University
Language: English
Subfield: Safety Research
Field: Social Sciences
Domain: Social Sciences
SDG: Reduced inequalities
Open Access status: bronze
OpenAlex ID: W4410977890