“Baby Bonds”

Wealth Gap Has Widened Due To Economic Recession: Danger For America’s Future!

While almost everyone, except the very wealthy, suffered from the Great Recession and its aftermath during the past five years, what is most distressing and dangerous for the future of America is the widening wealth gap among the races.

The average white family earns TWICE what the average African American or Hispanic family makes, and has SIX times the total wealth of the average minority family..

White families lost eleven percent of their wealth due to the recession, as compared to 44 percent for Hispanic families and 31 percent of black families.

Unless “Baby Bonds”, an investment in a child’s future, are given to all poor families, the future of minority youth to overcome their poverty and deprivation will be impossible, and the wealth gap will be impossible to narrow over future decades!