Creating Equity by Addressing Racial Wealth Barriers
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Transcript of Creating Equity by Addressing Racial Wealth Barriers
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Creating Equityby addressing
Racial andGender Wealth
Barriers
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UnpackagingWealth Creation
• Generational Poverty• Housing costs• Wealth escalators• Retirement• Median household income• Earnings• Divorce rates• High mobility• History of criminal justice
involvement
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Median Household income
Median Household Income(2000 inflation-adjusted, 2006-2010)
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Wage gaps greater for people of color
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Unemployment
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Displacement
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Incarceration
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30 %
Poverty High Mobility Incarceration
IMPACTLow Birth Weight
Homeownership RatesUnemployment
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Wealth gap
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Wealth gaps among single men/women by race
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WHAT IS WEALTH ?
Wealth noun 1. a large amount of money and valuable material possessions
2. the state of being rich 3. a great profusion: a wealth of gifts 4.(economics) al l goods and services with monetary, exchangeable, or productive value
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WHAT IS WEALTH ?
u Wealth is the value of one’s assets minus debts.
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COMMON ASSETS
u Cash reserves, home ownership, capital-building assets, education (stocks, investments, entrepreneurship and business assets)
u Community-based assets (access to generational knowledge and financial literacy, cultural and generational expectations and value systems, business and wealth creation networks)
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THANK YOU!
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Percent change in local home prices today, and over time, relative to April 2006
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Percent of existing home sales that were distressed sales
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Percent of adult (18+ yrs.) Census population without a credit file and credit score.
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THANK YOU!
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Distribution of Low-Income K-12 Students by Race, Oregon, 2013
African or African American
Native American
Asian
Pacific Islander
Latino
Slavic
5.1% 5.1%
4.0%
31.0%
1.5%
2.6%
Source: 2015 Equity Reading Summit Report, OEIB
Middle Eastern/ North African
0.2%
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People of Color in Oregon’s Legislature, 2015
Senate
House