Racial wealth disparity

Kevin Campbell | August 28, 2017

The wealth gap in the United States when analyzed by race is staggering.  The Economic Policy Institute concludes in their publication, The State of Working America, that two-thirds of a typical household’s wealth comes from housing equity.  Homeownership not only provides a family with a safe, stable, and secure place to live, but it is also the chief driver of wealth-building in our country.  Access to wealth and capital is the primary way to break the cycle of poverty.  Check out this graphic from the Economic Policy Institute.

Median and average wealth by race
Many thanks to Samuel Gunter at the North Carolina Housing Coalition for gathering this information.

 

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Kevin Campbell

President/CEO

Kevin Campbell, President/CEO of Habitat Wake, is a recognized leader in service to the goal of affordable homeownership in Wake County and around the world.  His unwavering professional commitment to Habitat for Humanity and its vision – a world where everyone has a decent place to live - goes back nearly 30 years. Follow him on twitter at @kevinhabitat.