United for a Fair Economy has released its annual analysis of racial and economic equality in the US.
CAHS will soon release a paper examining poverty, opportunity and race in Connecticut, which will examine some of these indicators in our state.
Key findings from the State of The Dream 2012:
Disparities in income perpetuate poverty in communities of color and will continue to do so unless change is made. In 2010, the median family income of Black and Latino families was a mere 57 cents to every dollar of White median family income. By 2042, the median Black family will still only earn about 61 cents for every dollar of income earned by the median White family. Latino income will decline relative to White income. Latinos will earn 45 cents for every dollar of White median family income. Meanwhile, the Black poverty rate will still be close to double that of Whites.
Increasing wealth inequality entrenches the racial economic divide. In 2007, near the height of the housing bubble, average White net worth was five times greater than average Black net worth, and more than three and a half times that of average Latino net worth. White families who have more wealth are able to tap it in times of hardship to avoid falling to the bottom of the economic ladder or to make investments in their future.
Education is one of the most important tools we have for increasing social mobility, yet dramatic disparities in education perpetuate inequality.
The mass incarceration of people of color is historically unprecedented. Blacks are six times more likely to be in prison than Whites, and people of color make up over 65 percent of the prison population. This disparity has serious economic consequences. The economic effects of incarceration follow former inmates after they have served their sentence. Finding a job or a home and pursuing an education are much more difficult for people with a criminal record.
Read the full report for concusions and recommendations.