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Closing the racial wealth gap will require targeted policies that help women of color build wealth.

By 2003, the savings and asset-building field had achieved critical research and policy successes. However, there were few organizations of color in the field and few experts of color at decisionmaking tables. Over 11 years, the Ford Foundation developed a strategy to understand the knowledge and perspective of communities of color about saving and wealth building, and to include this perspective within the

How do private transfers differ by race and ethnicity, and do such differences explain the racial and ethnic disparity in wealth? Using panel data and a family-level fixed-effect model, we find that African Americans and Hispanics (immigrant and nonimmigrant) receive less in both financial support and large gifts and inheritances than whites. Large gifts and inheritances, but not net financial support received,

An important concern for pension policy is the unequal distribution of benefits. Almost one-half of full-time wage and salary workers lack pension coverage on their current jobs. Workers with coverage tend to be economically advantaged in many ways. Covered workers generally are well educated, work for large firms, and earn high wages.

Urban partnered with the Chicago Community Trust on a new plan to narrow the racial and ethnic wealth gap in Chicago.

Kilolo Kijakazi, Institute fellow, testified before the US House of Representatives Financial Services Subcommittee on Diversity and Inclusion during a hearing that examined the racial and gender wealth gap in America. Her testimony emphasized that the racial wealth gap was created by policies, programs, and institutional practices and that effective solutions required more expansive data collection on wealth

Students of color must often choose between attending lower-priced institutions or taking on more debt.

Large differences in wealth holdings exist between white households and their African American and Hispanic counterparts. This factsheet summarizes key findings from a study that explored the impact of private transfers on racial and ethnic wealth gaps. It found that small cash transfers had little or no effect on wealth holdings, but in the case of African American households large inheritances or gifts

This post originally appeared on The Government We Deserve. A recent paper by Bayer, Ferreira, and Ross on mortgage delinquencies and foreclosures finds that people of color had greater problems once the recession hit than did many others in roughly equal circumstances, such as income and location, but with different racial backgrounds.  We believe this is a useful, though not surprising, finding in

Income inequality understates the size of the economic gap between whites and minorities in the United States. In 2010, whites on average had two times the income of blacks and Hispanics, but six times the wealth. Analyses of wealth accumulation over the life cycle show that the racial wealth gap grows sharply with age. Wealth isn't just money in the bank, it's insurance against tough times, tuition to get a

The difference between the average wealth of white families and that of African American families has expanded.

Closing the wealth gap requires short- and long-term policies that provide economic relief over the next year.