The Best Black Economy in Generations - And Why It Isn't Enough
Type
Policy Brief or Report
Year
2024
Level
National
State(s)
All States
Policy Areas
Economic Justice
African Americans face persistent economic insecurity and inequality despite recent economic improvements. The country should implement targeted and sustained efforts, such as maintaining and improving African American employment levels, broadening homeownership, and passing innovative long-term wealth-building policies like a national Baby Bonds program. These policies are linked to broader racial economic disparities and the need for political will to implement effective economic advancement strategies. This report highlights the mixed perceptions of African Americans regarding their economic status, with optimism about personal financial futures but broader economic pessimism due to challenges like high inflation and interest rates.