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Could Investment Accounts Close the Racial Wealth Gap? Who Should Pay?

Madeline Brown July 13, 2022

In 2019, white households had eight times the wealth of Black households and five times the wealth of Latinx households. This racial wealth gap is a direct result of more than a century of racist policies and practices, rather than individual choices, and now we must prioritize policies that specifically target the gap.

Proposals for baby bonds–or state seeded investment accounts for low-income children–are proliferating in state legislatures across the U.S. How might they move the needle on the racial wealth gap compared to other policies and how can the private, philanthropic, and non-profit sectors get involved?



Meta Themes

  • Power and Capital

  • Reimagine Systems

  • Deliver Equity and Inclusion


Purpose and Desired Outcome

We hope to educate a broad range of stakeholders about this urgent and developing policy area and empower them to transform the model into pilots across the country. This is not just a public sector issue and we want to encourage actors in all sectors to re-focus on closing the racial wealth gap.


  • Asset Managers

  • Corporate & SME

  • Accelerators & Incubators

  • Academia

  • Intermediaries (Financial Advisers, Investment Bankers)

  • Allocators (Family Offices, HNW Individuals, Foundations)

  • Government

  • Service Providers


  • NameMadeline Brown
  • TitlePolicy Associate
  • OrganizationUrban Institute
  • StatusConfirmed
  • NameOfranama Biu
  • TitleSenior Policy Associate
  • OrganizationUrban Institute
  • StatusConfirmed
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