- As the U.S. experiences a major demographic shift, with growing populations of people of color, financial insecurity in communities of color is also increasing, contributing to a widening racial wealth gap. Tweet
- Young men of color face barriers that undermine their ability to build financial security: an educational achievement gap, low labor force participation rates, disproportionate incarceration rates, and overly harsh enforcement in the criminal justice system and in child support. Tweet
- Bringing a targeted focus on boys and men of color into existing programming to break the cycle of poverty can help improve financial stability and overall economic outcomes. Tweet
- Practices with a demonstrated record of impact include programs targeted to formerly incarcerated job candidates, programs that bridge the gap between employment and financial security through organizational relationships, and worker-owned cooperatives addressing unemployment among men of color. Tweet
- Policy recommendations include requiring financial education in elementary and secondary education curriculum, establishing city government initiatives on financial inclusion for low-income residents, eliminating the practice of jailing defendants for inability to pay court fines and fees, and basing child support on ability to pay – among others. Tweet
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