Introductory

Closing the racial wealth gap requires heavy, progressive taxation of wealth

Closing the racial wealth gap requires heavy, progressive taxation of wealth

The 400 richest American billionaires have more total wealth than all 10 million Black American households combined. There is a vital and vibrant conversation in America today about reparations programs and other expenditure-based approaches to close the racial wealth gap. These investments are a moral imperative and an urgent economic necessity.

Diversity wins: How inclusion matters

Diversity wins: How inclusion matters

Diversity wins is the third report in a McKinsey series investigating the business case for diversity, following Why diversity matters (2015) and Delivering through diversity (2018). We took a close look at our data set’s more diverse companies, which as we have seen are more likely to outperform financially.

The Disproportionate Economic Effects of the Coronavirus Pandemic on Women of Color

The COVID-19 pandemic has wreaked havoc across the globe. It has upended the lives of hundreds of millions of people, decimated economies, and brought the hustle and bustle of daily life to a standstill. While much of the U.S. focus has been on the erratic stock market, steep business losses, stay-at-home orders, and the scope and pace of legislative and administration responses, too little attention has been paid to the daily impacts on communities and the needs of families across the country. Women of color, in particular, play a vital role in maintaining the economic stability of their families and communities—and therefore, understanding COVID-19’s impact on this group is critical to overcoming the current crisis. Yet the public discourse about the most-needed interventions has largely overlooked the pandemic’s cascading effects on women of color, leaving them out of policy debates on what actions must be taken moving forward to sustain families while reinvigorating the economy.

By Jocelyn Frye April 23, 2020

https://www.americanprogress.org/issues/women/reports/2020/04/23/483846/frontlines-work-home/

Closing the Women's Wealth Gap | January 2017

Closing the Women's Wealth Gap | January 2017

Closing the Women’s Wealth Gap—What It Is, Why It Matters, and What Can Be Done About It aims to inform a national discussion about the women’s wealth gap, and to catalyze movement towards policy and practical solutions that build wealth for low-income women and women of color.

The Color of Wealth in Boston | March 2015

The Color of Wealth in Boston | March 2015

This analysis by the Boston Federal Reserve bank focused on the net wealth for U.S. born blacks, Caribbean blacks, Cape Verdeans, Puerto Ricans, and Dominicans in Boston. The analysis shows that the net worth of whites as compared with nonwhites is staggeringly divergent.

Asset Value of Whiteness: Understanding the Racial Wealth Gap | 2017

Asset Value of Whiteness: Understanding the Racial Wealth Gap | 2017

This paper explores a number of these popular explanations for the racial wealth gap, looking at individual differences in education, family structure, full- or part-time employment, and consumption habits.