The Ever-Growing Gap: Without Change, African-American and Latino Families Won’t Match White Wealth for Centuries
For release Tuesday, August 9, 2016
Dear partners: Thank you for helping us spread the word about the CFED & Institute for Policy Studies’s newest report, “The Ever-Growing Gap: Without Change, African-American and Latino Families Won’t Match White Wealth for Centuries.” Please use the hashtag #RacialWealthGap when sharing with your community.
You can find the executive summary and full report on Tuesday, August 9, 2016 here.
How far behind is the wealth of black families compared to white families? https://ips-dc.org/report-ever-growing-gap #RacialWealthGap [Graphic 1]
In 2043, minorities will be the majority and #RacialWealthGap will have doubled. https://ips-dc.org/report-ever-growing-gap [Graphic 2]
Policymakers must reassess federal policies that leave families of color behind: https://ips-dc.org/report-ever-growing-gap #RacialWealthGap
Tax reform is necessary to ensure households of color have the same opportunity to build wealth. https://ips-dc.org/report-ever-growing-gap #RacialWealthGap
#RacialWealthGap: Address concentration of white wealth at the top by expanding progressive tax, exploring a wealth tax https://ips-dc.org/report-ever-growing-gap
When the top 20% takes 99.4% of wealth gains, we may have a serious issue. https://ips-dc.org/report-ever-growing-gap #RacialWealthGap [Graphic 3]
New from @IPS_DC + @cfed: vast disparities btw richest whites & poorest PoC: https://ips-dc.org/report-ever-growing-gap #RacialWealthGap [Graphic 4]
Breaking: The typical millionaire receives about $145,000 in public tax benefits, while working families get a grand total of $174 on average. Read the new report on the #racialwealthgap by the Institute for Policy Studies and CFED at https://ips-dc.org/report-ever-growing-gap
The lingering effects of generations of discriminatory and wealth-stripping practices have left black and Latino households far behind white families, and may impact their economic trajectories in the decades to come. Find out what should be done about it here: https://ips-dc.org/report-ever-growing-gap
New report by IPS and CFED found that it will take black families 228 years to earn the same amount of wealth that white families have today. How can policy reform close America’s racial wealth gap? Read on: https://ips-dc.org/report-ever-growing-gap via @Institute for Policy Studies