Tag: racial wealth gap
Failure to close the gap, leaving the majority of wealth among the super-rich, will cost the economy anywhere from $1 trillion to $1.5 trillion by 2028.
The Runway Project is making entrepreneurship more accessible to Black communities.
If the trend continues for another 30 year time period the average white family’s net worth will grow by $18,000 a year while the average black household will see a growth of $750 and the average Hispanic household a growth of $2,250.
All these steps would allow families to invest in their own futures – which is the surest way out of poverty. All of us benefit when everyone has the opportunity to accumulate wealth.