Wealth inequality and income inequality in the United States are significantly higher than in other OECD countries. And economic mobility is rigid. The likelihood of an individual moving from low wealth status to high wealth status over the course of their lifetime is low. Income disparity and wealth inequality are rooted in an array of social and economic factors, including race and geography. These factors create what is known as the economic opportunity gap.
This Curated Collection provides social impact leaders in the public and private sectors with a roundup of data-driven tools to strengthen their decision-making processes in addressing the economic opportunity gap. The resources provide specific consideration for indicators of racial equity and social justice and factors that promote mobility for disadvantaged groups across neighborhoods, communities, and states.
Resources include (but are not limited to) the following:
- Tools that allow companies to benchmark themselves against others on strategy and progress;
- Datasets that support deciding which communities would benefit most from company investments to increase equity;
- Resources that encourage companies to prioritize racial and social factors that affect indicators of wealth (e.g., access to education and employment, and asset ownership).