Half a century later, Black households headed by a college graduate have a lower median net worth than white households headed by a high school dropout, according to research by Duke University’s William Darity Jr., a veteran researcher on the wealth gap, and other scholars. Young grew up a few blocks south of the redlined community that was once the only place Black residents could live in Waterloo. Young has also worked for investment and financial services companies – unusual in the Waterloo region, where whites are employed in finance jobs at three times the rate of Black residents, U.S.