Ways to reduce wealth inequality in America
Rethink homeownership incentives. A more balanced set of homeownership policies could both increase financial security (particularly for low- and moderate-income households) and shrink the racial wealth gap, Jenny Schuetz argues.
Create a new Minority Business Accelerator grant program. Nationally, Black and Latino or Hispanic Americans represent about 28% of the population, but only 8% of the nation's business owners with employees. Joseph Parilla and Darrin Redus propose a five-year, $125 million grant program to help close the racial entrepreneurship gap.
Desegregate work and learning. By leveraging "earn-and-learn" models, Annelies Goger says schools can provide pathways to career mobility that better meet the needs of learners, workers, and employers, while overcoming the legacies of racialized tracking in education and labor.
