Closing Mississippi’s Racial Wealth Gap Through Safe, Affordable Banking Services

Jun 04, 2019
  • Description

In Mississippi, disparities in wealth are enormous and breakdown largely by race. White households have a median net worth $54,000 greater than households of color in Mississippi, and 47% of Black children live in concentrated poverty, as compared to 10% of White children.While the need is great, so too is the opportunity. By 2050, Mississippi stands to realize a $54 billion gain in economic outputby eliminating the disparities that limit the human potential and economic contributions of people of color.