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Dedrick Asante-Muhammad, Senior Fellow, Racial Wealth Divide

Areas of Expertise: Racial Wealth Divide, Economic Inequality

Dedrick Asante-Muhammed is Senior Fellow, Racial Wealth Divide at CFED. As Senior Fellow, Dedrick’s responsibilities include strengthening CFED’s outreach and partnership with communities of color, as well as strengthening CFED’s racial wealth divide analysis in its work. CFED's Racial Wealth Divide Project will also lead wealth-building projects that will establish best practices and policy recommendations to address racial economic inequality.

Dedrick comes to CFED from the NAACP, where he was the Sr. Director of the Economic Department and Executive Director of the Financial Freedom Center. Dedrick’s past civil rights experience also includes his time at Reverend Al Sharpton’s National Action Network, where he first worked as the National Crisis Coordinator and then as the National Field Director. Dedrick's professional work in economic equity began at United for a Fair Economy (UFE) where he was coordinator of the Racial Wealth Divide Project. While at UFE, Dedrick co-founded the State of the Dream report and has been a regular co-author of this annual report. Pursuing his work in economic and racial equity, Dedrick went on to the Institute for Policy Studies (IPS) where he worked in the Inequality and Common Good Program, under the leadership of Chuck Collins.

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In The News

How MLK Went from 'National Threat' to 'National Hero' (Real News)

Showing Our Thanks for Grandparent Caregivers (The Hill)

Julian Bond: A Reflection on Today's Racial Wealth Inequality (Huffington Post)

Publications

"African-American Economic Inequality: A Twenty-First Century Challenge," in What It's Worth: Strengthening the Financial Future of Families, Communities and the Nation

Most Recent Blog Posts

Feb 23, 2017

Partner Spotlight: Ashé Cultural Arts Center Provides Equitable Futures to New Orleans Residents

CFED’s Racial Wealth Divide Initiative team is highlighting Ashé CAC’s role as a prominent figure in serving the developmental needs of the people of New Orleans, Louisiana.

Feb 9, 2017

Black History Month 2017: Our Focus Should Be On Celebrating History. And Making It.

February is Black History Month, and as our nation celebrates this year, a positive light will once again be shined on African Americans’ many contributions to and influences on this country’s history and culture.

Jan 25, 2017

Narrowing the Racial Wealth Gap

We have a proposition for the incoming Trump administration and the new Congress, and it’s not a liberal or a conservative idea.

Dec 2, 2016

The Ongoing Struggle for Native American Economic Empowerment and Self Determination

The ongoing everyday struggle of Native Americans to live a life of self-determination in the midst of an economy plagued by deep and divisive racial economic inequality is a story that receives much less headlines.

Dec 1, 2016

Building High-Impact Nonprofits of Color in New Orleans and Miami

The outcome of last month’s presidential election made clear that our work to serve communities of color has never been more important.

Nov 2, 2016

A Tale of Two Cities: Racial Economic Inequality in New Orleans and Miami

Racial wealth inequality is a major issue in the United States. New Orleans and Miami, two cities long touted as tourists’ paradises, share another similarity–racial wealth inequality.

Sep 21, 2016

Racial Wealth Divide Initiative: One Year Later

A year ago, CFED launched the Racial Wealth Divide Initiative, with initial funding through a grant from JPMorgan Chase & Co. One year later, we’re excited to share an update on how this initiative is making a difference.

Sep 7, 2016

The Color of Patrimonial Capitalism

If we stay on our current trajectory of unequal wealth growth, the wealth divide between white families and black and Latino families will double to about $1 million by 2043.

Aug 24, 2016

America’s Racial Wealth Divide Is Nothing Short Of Shocking

It would take the average black family 228 years to accrue the same amount of wealth that white families have today.

Jul 27, 2016

Race, Wealth And Disability In America

Currently, nearly one in three Americans with disabilities lives in poverty.

Jul 21, 2016

3 Reasons Why Americans Are Numb to the “Economic Recovery”

While our nation is in better economic shape than 2009, most Americans still see today’s economy as fair to poor.

Jun 30, 2016

New Podcast Episode: Race and Wealth and Homeownership in Chicago With Phyllis Logan

In this episode, Dedrick Asante-Muhammad and Lillian Singh sit down with Phyllis Logan, Housing Committee Co-Chair and second vice president for the Illinois branch of the NAACP.

Jun 21, 2016

Unstacking the Deck For African-American Entrepreneurs

By painting a whitewashed picture of entrepreneurism, we delude ourselves about the reality of American business ownership.

May 17, 2016

New Podcast Episode: Race and Wealth and the Color of Entrepreneurship

In this episode, Dedrick Asante-Muhammad and Kylie Patterson sit down with Algernon Austin of the Center for Global Policy Solutions

May 11, 2016

It is Important to Have Black Faces on Dollars, but More Important to Get Dollars in Black Hands

Putting Harriet Tubman on the $20 bill is a positive, albeit symbolic, step toward acknowledging past wrongs. But it must be accompanied by practical steps forward in addressing today’s injustices.

Apr 25, 2016

New Podcast Episode: Race and Wealth and the Baltimore Rebellion: One Year Later

In this episode, Dedrick Asante-Muhammad sits down with two long-time Baltimore residents and activists about their personal experiences being on the ground during the rebellion that erupted last year in the wake of the arrest and killing of Freddie Gray.

Mar 21, 2016

New Podcast Episode: Race and Wealth and Los Angeles

This morning, CFED released the third episode in its new Race & Wealth podcast. Listen now!

Mar 1, 2016

Race, Wealth and the U.S. President Elections

Most professional pundits have been stumped by the 2016 presidential primaries.

Jan 20, 2016

CFED Calls for Federal Investigation of Clayton Homes' Lending Practices

An investigative report by the Seattle Times and BuzzFeed News found that minorities received less favorable loans terms from the manufactured home giant than they do from other lenders and faced deceptive and abusive collection practices.

Jan 14, 2016

New Year, New Efforts to Close the Racial Wealth Divide

My reading of King’s book, Where Do We Go From Here: Chaos or Community, was one of the inspirations for me to focus on racial economic inequality

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