Income as a dimension of poverty
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.
According to the Center for Community Solutions, in Cuyahoga County alone, African American residents make up 30 percent of the population compared to 63.8 percent of white residents. Of those numbers, 43 percent of Black people live in poverty compared to 26.2 percent of white people. On average, Black households earn $32,000 less than white households.
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.