Institutional rasicm definitely exists. There was a recent study that showed black men that began their lives in the same middle class neighborhoods and family structures as whites are still twice as likely to drop into the lower class. There’s only one explanation.
The study you cited is devastating because it went beyond just that. It said that a black boy raised in a two parent household with a household income of $120,00 earned less than a white boy raised in a single parent home with a household income of $60,000.
In fact, black boys from affluent two parent households did worse across the board in terms of income than white boys from much poorer families at least in terms of incomes.
The broad scope of racial disparities in America is mindboggling and touches every aspect of American society.
Education, criminal justice, housing, employment, entrepreneurship, car loans, business loans, investment capital, healthcare, etc.
I mean black Americans with college degrees have less wealth than white folks who dropped out of high school.
Black American women die from childbirth at twice the rate of other women no matter their wealth or income the disparities exist.
Black Americans when compared to white people with the same level of education have about twice the unemployment rate.
In fact, black Americans with two year college degrees have a similar unemployment rate as white high school dropouts than they do to white people who merely graduated from high school.
In every single aspect of American society, there are these gigantic racial disparities.
And this is a population that for 80% of American history by law weren't even considered people and definitely not Americans who any rights.