The so-called American dream is out of reach. A great deal of research confirms what we already know — investments in communities of color are paramount to mitigating racism and historic disinvestment. Existing policy is insufficient.
- White families typically make 10 times that of Black families, one of many financial gaps that come from decades of discriminatory policies and nearly three centuries of slavery.
- There are extreme disparities in employment, home ownership, and housing affordability in the Black community.
- Closing the revenue gap between Black and white businesses would generate an additional $290 billion for the U.S. economy.
The lack of racial equity in how the American economy functions severely impacts Black people, who are systematically restricted from being fully realized participants. Economic equity is a crucial part of establishing holistic racial equity for Black people. It’s not just important that Black people be able to contribute to the economy as workers and consumers, but also as owners with the same access to resources and chance at success as anyone.
