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Black and Latino Households are on a Short Road to Zero Wealth, Hollowing Out America’s Historic Middle Class
In just three years, White households will have 85 times more wealth than Black households and 68 times more wealth than Latinos.
While unemployment has ticked downward and the poverty rate has declined, a dark economic cloud continues to loom over large swaths of the U.S. population, putting future prosperity increasingly out of reach for millions of families, according to new research from Prosperity Now (formerly CFED).
National Nonprofit Devoted to Combating Financial Insecurity and Closing the Country’s Wealth Divide will be known as Prosperity Now
New $2 Million Initiative Aims to Bridge the Racial Wealth Divide in the U.S.