5 ways local leaders can use the Racial Wealth Equity Database
The large wealth gap between Black and White families in America has persisted for generations—and mayors are determined to find ways to finally address it. In the most recent Menino Survey of Mayors, 67 percent of mayors said they are worried about the racial wealth gap in their cities. Of those mayors, overwhelming majorities support targeted programs to help Black and Latino residents build businesses and increase homeownership. When city leaders get down to designing new policies and programs, however, they quickly discover a problem. The data they need to inform their efforts—local-level data on assets, homeownership, and more—can be difficult to find broken down by race.