To Create an Economy That Works For All of Us, We Must Close the Racial Wealth Gap
The United States has been a beacon of economic growth and opportunity for decades, but not all Americans have benefitted equally. Today, the median net wealth of white households is 10 times greater than that of Hispanic households and 13 times greater than that of black households, creating a racial wealth gap.
This problem affects all of us, not just households of color. By 2043, it is estimated that the majority of the U.S. population will be comprised of people of color—many of whom have never had the opportunity to be part of a financially secure middle class. A strong economy that works for all of us must be built on inclusion—an economy in which everyone has the opportunity to build assets and contribute.