Algernon Austin-cropped

Shamefully High Child Poverty Rates In the United States

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Despite being a very rich country, the United States has a very high child poverty rate, many times higher than the rate in other rich countries. Since “poverty” can be defined differently in each country, UNICEF uses a relative poverty standard for international comparisons of child poverty. By this standard, children living in households earning […]

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Algernon Austin-cropped

Hidden Challenges for Black Women Entrepreneurs

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Although Black women’s firms appear to be doing very well when looked at from afar, upon closer examination, problems become apparent. In 2015, American Express OPEN reported that firms owned by African American women had the strongest rate of growth in number and revenue among women-owned firms. Looking more carefully at the American Express OPEN […]

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Algernon Austin-cropped

Black Men Entrepreneurs Were Walloped by the Great Recession

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In comparison to firms owned by other race and gender groups of business owners, Black men’s firms were hit hardest by the Great Recession. Of the 10 such groups analyzed in the report, “The Color of Entrepreneurship,” only African American men had a decline in their number of businesses from 2007 through 2012. Black men’s […]

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Webinar: Entrepreneurship in Communities of Color

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  Privately held businesses owned by businesses of color added 1.3 million jobs (over 70 percent) between 2007 and 2012. Yet, entrepreneurs of color are underrepresented when compared to their share of the population. If they owned businesses at the same rate as whites, the economy would have 1.1 million more businesses and 9 million […]

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Michael Wilson

Public Housing Residents Have the Right to Manage Their Communities

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Few people know this, but public housing residents can create resident management corporations to improve their quality of life. Michael Wilson, the President of the Tenant Council and the Executive Director of the Glen Hazel community resident management corporation (in Pittsburgh, PA), explained how this works at our 2016 Color of Wealth Summit. We got consultants to train […]

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Angel Rich

How Do We Include Vulnerable Populations in the Financial Mainstream?

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A talented group of four innovators presented their ideas for including vulnerable populations into the financial mainstream at our 2016 Color of Wealth Summit. At the session, called “Equitable Strategies for Advancing Financial Inclusion, Innovation and Access,” four judges listened to the proposals and offered constructive feedback. Watch the discussion and The winner of the $10,000 […]

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Ida Rademacher

Ida Rademacher: The Economy and Our Democracy Benefit When Low-Income Families Prosper

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More assets under management by low-income families is good for those families, it’s good for their communities, it’s good for the economy, it’s good for our democracy. – Ida Rademacher, The Aspen Institute Ida Rademacher, Executive Director of the Initiative on Financial Security at The Aspen Institute, speaks on the panel entitled, “What’s the Code […]

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john powell

john a. powell: Government Plays a Substantial Role in Wealth Creation

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Government creates the rules of the game for wealth accumulation and distribution. The robber barons were heavily subsidized; railroads, oil, almost any industry. The development of the Internet was subsidized. We need to repurpose government so that once again it is investing in people and not just in the elites. — john a. powell, UC Berkeley […]

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Robert Smith on the Importance of Opportunity

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  Recently featured in a profile by Daniel Fisher on the cover of Forbes, as part of its top 400, Robert Smith sat down with Maya Rockeymoore at the 2015 Color of Wealth Summit to talk about the power of opportunity. Both of my parents have Ph.Ds in Education. I remember growing up in Denver in […]

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