Creating Equityby addressing

Racial andGender Wealth

Barriers

UnpackagingWealth Creation

• Generational Poverty• Housing costs• Wealth escalators• Retirement• Median household income• Earnings• Divorce rates• High mobility• History of criminal justice

involvement

Median Household income

Median Household Income(2000 inflation-adjusted, 2006-2010)

Wage gaps greater for people of color

Unemployment

Displacement

Incarceration

30 %

Poverty High Mobility Incarceration

IMPACTLow Birth Weight

Homeownership RatesUnemployment

Wealth gap

Wealth gaps among single men/women by race

WHAT IS WEALTH ?

Wealth noun 1. a large amount of money and valuable material possessions

2. the state of being rich 3. a great profusion: a wealth of gifts 4.(economics) al l goods and services with monetary, exchangeable, or productive value

WHAT IS WEALTH ?

u Wealth is the value of one’s assets minus debts.

COMMON ASSETS

u  Cash reserves, home ownership, capital-building assets, education (stocks, investments, entrepreneurship and business assets)

u  Community-based assets (access to generational knowledge and financial literacy, cultural and generational expectations and value systems, business and wealth creation networks)

THANK YOU!

Percent change in local home prices today, and over time, relative to April 2006

Percent of existing home sales that were distressed sales

Percent of adult (18+ yrs.) Census population without a credit file and credit score.

THANK YOU!

Distribution of Low-Income K-12 Students by Race, Oregon, 2013

African or African American

Native American

Asian

Pacific Islander

Latino

Slavic

5.1% 5.1%

4.0%

31.0%

1.5%

2.6%

Source: 2015 Equity Reading Summit Report, OEIB

Middle Eastern/ North African

0.2%

People of Color in Oregon’s Legislature, 2015

Senate

House