Racial Wealth Divide
Racial Wealth Divide Initiative
The Racial Wealth Divide Initiative was launched in 2015 to help CFED address racial wealth inequality in a more comprehensive and targeted manner. To get a regular update on the work of the Initiative, subscribe to our Race & Wealth newsletter. You can also listen to the Race & Wealth podcast to hear the most current in-depth conversations regarding efforts and challenges for bridging the racial wealth divide.
Letter from CFED Racial Wealth Divide Initiative Director, Dedrick Asante-Muhammad
On August 9, CFED and the Institute for Policy Studies published The Ever-Growing Gap: Without Change, African-American and Latino Families Won't Match White Wealth for Centuries. This new report shows how absent intervention, it will take Latinos 84 years to amass the wealth white families currently enjoy, while for African-American households, it would take an astonishing 228 years to amass the wealth whites have today. These findings highlight the challenges of growing economic inequality and seeks to help people understand the effects of the racial wealth divide, as well as which policies are needed to create better opportunity for people of color.
The report comes around the one-year anniversary of the launch of the Racial Wealth Divide Initiative, and what a busy year it has been....Read more
Racial Wealth Divide Data Profiles
The Racial Wealth Divide Initiative of CFED present Racial Wealth Divide Data Profiles, which provides data on economic inequalities and helps readers understand how racial economic inequality affects economically marginalized communities. The development of these profiles is one of the first steps taken under the Building High Impact Nonprofits of Color project, funded by JPMorgan Chase. The project aims to advance best practices and strengthen resources for nonprofits of color.
Click here to view the profiles.
Spotlight: Race, Wealth with Brunch and Budget
In this episode, Dedrick Asante-Muhammad is featured on the Brunch and Budget podcast with Pamela Capalad and Dyalekt over Martin Luther King Jr Day weekend. Brunch and Budget is a podcast out of New York City that focuses on personal finances and issues around finance affecting people of color. In this podcast, Pamela and Dyalekt talk to Dedrick about how he got into racial economic inequality and Dedrick discusses the racial wealth divide itself. If you haven’t heard of Brunch and Budget before, please check them out at the link above!