The widening wealth gap in the United States is a worrisome sign that millions of families nationwide do not have enough in assets to offer better opportunities for future generations. Wealth allows families to make investments in homes, in education, and in business creation. On the basis of data collected using the National Asset Scorecard for Communities of Color (NASCC) survey, this report, a joint publication of the Federal Reserve Bank of Boston, Duke University and The New School, shows that, when analyzed by race, wealth accumulation is vastly unequal.
This research was shared as part of the 2017 AFN Grantmaker Conference, which framed key issues, and elevated promising approaches and timely, relevant research to support strategic and impactful investments. This conference aimed to foster peer-to-peer conversations to help grantmakers bring the desired short and long-term outcomes as reflected in the theme Accelerating Ideas into Action. View all the 2017 conference resources.
