Racial Wealth Gap — Atlanta Wealth Building Initiative

Atlanta is the number one city for income inequality in America. In fact, if a person is born into poverty in Atlanta, there is just a 4% chance of escaping poverty in their lifetime. Across all measures of household financial security, households of color are faring worse than White households in Atlanta. Almost 70% of Black families are liquid asset poor compared to 22% of white families. Today, the median household income for blacks is just one-third that of whites. The statistics aren’t much better for Latino families, which maintain a median household income of just about half that of whites. Sixty-six percent of all Latino families in Atlanta are asset poor.

In Atlanta…