ProjectBuilding Financial Resilience to Address the Racial Wealth Gap

Families of color bring considerable strengths that contribute to their well-being. However, partly due to structural racism, they often build less wealth than white families. The vulnerability rooted in instances of discrimination makes them less resilient to macroeconomic shocks like a recession.

This research project aims to illustrate how these broader economic fluctuations can worsen outcomes for families of color, whose wealth is already limited due to structural racism. This body of work will identify public and industry actions that can make families of color more resilient while also protecting their wealth. 

The research will examine a broad spectrum of asset classes, both individually and as part of a larger investment portfolio. We will also hold a public symposium to discuss this important topic and identify key solutions. Through research and engagement, we hope to contribute to the important policy discussion targeting the wide and persistent racial wealth gap and the role played by broader economic cycles.
Research and Evidence Work, Education, and Labor Family and Financial Well-Being Health Policy Housing and Communities Tax and Income Supports Research to Action Upward Mobility
Expertise Labor Markets Wealth and Financial Well-Being Families Health Care Coverage, Costs, and Access Social Safety Net Upward Mobility and Inequality
Tags COVID-19 Economic well-being Employment Families with low incomes Family and household data Financial products and services Financial stability Inclusive recovery Latinx communities Race, gender, class, and ethnicity Racial and ethnic disparities Racial barriers to accessing the safety net Racial inequities in employment Racial inequities in health Racial wealth gap Structural racism Asset and debts Family credit and debt Family savings Workplace protections