Fact File: The Racial Wealth Gap is Growing
Income helps families get by, but savings and investments help them get ahead. Wealth allows families to access opportunity and become economically secure. There is a dramatic lack of minority wealth in this country especially related to white wealth. This extreme disparity has far reaching consequences that lead to a state of overall financial instability for communities of color and a lack of social mobility for their children.
In this Fact File, Prosperity Now explores the ways in which the Racial Wealth Gap is growing, and why it is such a problem for American families, and the American economy.