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?
