http://iasp.brandeis.edu/pdfs/Author/shapiro-thomas-m/racialwealthgapbrief.pdf?goback=%2Egde_4188514_member_218097506
G
rowing concerns about wealth inequality and the expanding racial wealth gap have in recent years become
central to the debate over whether our nation is on a sustainable economic path. This report provides critical
new information about what has fueled the racial wealth gap and points to policy approaches that will set our
country in a more equitable and prosperous direction.
All families need wealth to be economically secure and create
opportunities for the next generation. Wealth - what we own minus
what we owe—allows families to move forward by moving to better and
safer neighborhoods, investing in businesses, saving for retirement, and
supporting their children’s college aspirations. Having a financial cushion
also provides a measure of security when a job loss or other crisis strikes.
The Great Recession of 2007-2009 devastated the wealth of all families
except for those with the most. The unprecedented wealth destruction
during that period, accompanied by long-term high unemployment,
underscores the critical importance wealth plays in weathering emergencies
and helping families move along a path toward long-term financial security
and opportunity.
G
rowing concerns about wealth inequality and the expanding racial wealth gap have in recent years become
central to the debate over whether our nation is on a sustainable economic path. This report provides critical
new information about what has fueled the racial wealth gap and points to policy approaches that will set our
country in a more equitable and prosperous direction.
All families need wealth to be economically secure and create
opportunities for the next generation. Wealth - what we own minus
what we owe—allows families to move forward by moving to better and
safer neighborhoods, investing in businesses, saving for retirement, and
supporting their children’s college aspirations. Having a financial cushion
also provides a measure of security when a job loss or other crisis strikes.
The Great Recession of 2007-2009 devastated the wealth of all families
except for those with the most. The unprecedented wealth destruction
during that period, accompanied by long-term high unemployment,
underscores the critical importance wealth plays in weathering emergencies
and helping families move along a path toward long-term financial security
and opportunity.
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