The Road to Zero Wealth, a report released this Fall by Prosperity Now and the Institute for Policy Studies, examines the growing racial wealth divide and explores policy interventions that could reverse this trend. The report lays the foundation for a broad policy agenda by emphasizing the importance of gathering sufficient information on the barriers low-wealth households face in order to make informed decisions and then lays out a series of recommendations that both invest in and protect household wealth. Strengthening the EITC is among the recommendations as one way to generate more income at the bottom of the wage spectrum and the report also highlights the importance of protecting households against predatory and wealth-stripping practices that undermine asset-building efforts, including maintaining the independence of the Consumer Financial Protection Bureau (CFPB). Download the full report: The Road to Zero Wealth: How the Racial Wealth Divide is Hollowing Out America’s Middle Class.
EITC Funders
