This study by the Urban Institute finds that in the United States the racial wealth gap grows sharply with age. When people are in their 30s and 40s, whites have about 3.5 times more wealth than people of color. By the time people reach their 60s whites have about 7 times more wealth. It offers five suggestions to close the racial wealth gap:

  • Make homeownership tax subsidies more progressive;
  • promote retirement savings;
  • reauthorize the Assets for Independence program;
  • increase access to high-quality education; and
  • improve access to micro- and small business capital for low-wealth groups.

http://www.urban.org/UploadedPDF/904611-closing-the-wealth-gap-testimony.pdf

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