Today, the typical white household owns more than 13 times the wealth of an African American household and more than 10 times the wealth of a Latino household.
Building wealth is critical for family financial security and the chance to make a better life. A family’s income may pay its bills in the short term, but accruing wealth over time is key to long-term stability and financial growth. There has been legal progress toward expanding financial opportunities for all Americans, but the racial wealth gap grows ever wider.
… home and equity investments created the same wealth gains for African Americans as they do for whites?
… the return on a college education was the same among Latinos as among whites?
The United States faces rapidly growing wealth gaps between race and ethnicity. As we look to create a more equitable and secure future, we must shift away from public policies that fuel and exacerbate racial disparities in wealth.