Income is a defining factor attributed to economic inequality in America. Data proves that social and economic mobility are harder to achieve for people living in poverty, especially people of color.
Racial wealth disparities continue to measure our lack of progress as a nation. The disparities between white populations and Black and brown populations are repercussions of historic and legislative policies that continue to affect these communities today.
Intergenerational economic mobility – the likelihood that children born into families with low wealth can achieve a higher standard of living – varies considerably throughout the United States.
Structural differences, race and geography limit the potential for overall economic mobility and growth in the United States.