The 2008-2009 Economic Downturn: Perspectives of African Americans

African Americans and white Americans differ in the type and magnitude of their asset holdings. Perhaps as a result of these differences, the two groups also have differing perspectives on and responses to the 2008-2009 economic downturn. Similarities of perspective exist between the groups as well. For example, both African Americans and whites report similar levels of confidence in the nation’s financial institutions and sector.

Asset-Building: Explaining the Racial/Ethnic Wealth Gap

The racial/ethnic wealth gap in this country is both huge and persistent. The ratio between the median net worth of white households and African American households is nearly 7:1, while the white-Hispanic ratio is nearly 5:1 (Bucks, Kennickell, and Moore 2006). Despite increased awareness of these gaps, clear consensus has yet to emerge about the steps needed to narrow them. Some of this lack of consensus relates to a lack of understanding of the causes of this disparity.

Retirement Savings Behavior and Expectations of African Americans: 1998 and 2009

Among pre-retirees, confidence about having enough money to live comfortably throughout retirement typically reflects the state of one’s current savings behavior, known savings vehicles and expected major sources of retirement income. African Americans and whites have differing assessments of their own retirement security, and their differing views suggest that the recent economic downturn may have constrained African Americans’ ability to save for retirement to a greater degree than it has for whites.

Obama and the Burden of Race

In the United States and around the world, the election of Barack Obama as the 44th President of the United States was a landmark achievement.  Obama's success can be traced in part to his own exceptional qualities as a candidate, as well a tide of anti-Republican sentiment in the waning days of the Bush administration burdened with the War in Iraq and failing economy.

Promising Practices in Asset Building for Low-Income Communities of Color

To identify promising practices in asset building for low-income people, the Joint Center analyzed data for two groups of states - those with high CFED asset-outcome rankings and those with low CFED asset-outcome rankings.

Race, Ethnicity, & Health Care Reform: Achieving Equity in Our Lifetime

This issue brief identifies, analyzes and compares provisions which explicitly address the health and health care needs of racial and ethnic minorities within the two leading Congressional health care reform proposals: The Affordable Health Choices Act of 2009 (H.R. 3962) passed in the House of Representatives on November 7, 2009; and The Patient Protection and Affordable Care Act of 2009 (H.R.