This view is especially prevalent in emerging and developing nations, where most see economic opportunity expanding. Still, many also believe success can be determined by things outside a person’s control, such as luck or having a wealthy family. Although there are no quick and easy solutions to the racial wealth gap and its long-term implications for children, a few clear implications emerge from this research. Helping economically vulnerable households of color to build wealth and accumulate assets is a clear way to positively impact child well-being. In addition, the data show that households have better chances if they own more than one kind of assets. While a savings account is an important first step or owning a house provides some stability, having only one kind of asset is not enough to remain secure. By providing various asset building opportunities throughout a child’s lifetime, they can grow up to contribute to our nation’s economic growth, and to help their own children realize their potential. Rather than reproducing cycles of disadvantage, we as a nation can decide to act aggressively early in a child’s life before disparities become entrenched. We need every child to dream big, live fully, and build family, community, and national
This view is especially prevalent in emerging and developing nations, where most see economic opportunity expanding. Still, many also believe success can be determined by things outside a person’s control, such as luck or having a wealthy family. Although there are no quick and easy solutions to the racial wealth gap and its long-term implications for children, a few clear implications emerge from this research. Helping economically vulnerable households of color to build wealth and accumulate assets is a clear way to positively impact child well-being. In addition, the data show that households have better chances if they own more than one kind of assets. While a savings account is an important first step or owning a house provides some stability, having only one kind of asset is not enough to remain secure. By providing various asset building opportunities throughout a child’s lifetime, they can grow up to contribute to our nation’s economic growth, and to help their own children realize their potential. Rather than reproducing cycles of disadvantage, we as a nation can decide to act aggressively early in a child’s life before disparities become entrenched. We need every child to dream big, live fully, and build family, community, and national