Report: Strategies to Reduce the Racial and Gender Wealth Gaps in NC

Knowledge Center

The economic and foreclosure crisis has highlighted the alarming gap in wealth and assets between people of color and whites in the United States. Research has shown that the racial wealth gap, which exists independently of the income gap, was 16 cents to the dollar between people of color and whites in 2007, and has since widened significantly due to the recent and ongoing foreclosure crisis. Policymakers have begun to realize that closing the wealth gap is even more important than addressing the income gap as a way to end poverty and create an
equitable society.