United for Equity
Creating economic justice and equity in every community and at every level
Racial injustice and inequality are morally wrong and economically inefficient. Yet the racial wealth gap continues to widen in absolute terms. As of late 2024, the average white household held about $1.5 million in wealth, compared with about $352,000 for the average Black household and about $285,000 for the average Hispanic household — meaning the typical Black household held roughly 23 cents for every dollar of white household wealth, and the typical Hispanic household roughly 18 cents, for every dollar of white household wealth.
Since the end of the Great Recession, white household wealth has grown faster than Black household wealth (68% versus 53%), pushing the absolute dollar gap between white and Black households to nearly $1.2 million.
Wealth concentration has created a cycle of devaluation for less wealthy Americans, meaning markets have failed to build meaningful data around their needs to help systems effectively invest in Black and Hispanic communities and eliminate the racial wealth gap.
The United for Equity is an initiative that combats this problem in order to foster economic equity in the United States. Our approach:
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Build a united coalition and narrative of impact across sectors
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Empower Black and Hispanic Americans through tools, access, and agency
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Expand lending and investments to Black and Hispanic homeowners and business
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Secure meaningful commitments and actions from the economically powerful
