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
Spotlight: Race, Wealth and Women with Mariko Chang Podcast
Dedrick Asante-Muhammad sits down with Dr. Mariko Chang (www.mariko-chang.com), author of Shortchanged: Why Women Have Less Wealth and What Can Be Done About It and a coauthor of the 2015 Color of Wealth-Boston report. Dr. Chang recounts her journey into finding her passion in improving economic inequality. From there, Dr. Chang explains the gender wealth divide and its close relation to the racial wealth divide. The conversation then turns to an analysis of the wealth data from multiple demographics. Finally, Dr. Chang discusses the true impact of marriage on personal wealth and communal wealth.