New York, NY (February 6, 2017) – Today, Demos and the Institute on Assets & Social Policy (IASP) at Brandeis University’s Heller School for Social Policy and Management released a new report that explores popular explanations for the racial wealth gap between African-American, Latino and white households.
The report demonstrates that changing individual behavior in areas such as education, family structure, full- or part-time employment, and personal consumption habits would not reverse the economic harm done by structural racism.
White households have a leg up, while households of color face systematic barriers to growing wealth, reproducing our long-standing racial wealth gap over generations,” noted Thomas Shapiro, Director of the Institute on Assets and Social Policy.
“Without policies that combat ingrained wealth inequalities, the racial wealth gap that we see today will continue to persist.” Demos and IASP created which serves as a framework for policy makers to evaluate public policy proposals for their potential to reduce the racial wealth gap.
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