In a recent blog for the Stanford Social Innovation Review, WKKF President and CEO La June Montgomery Tabron addresses the wealth gap for families of color, as well as the steps that need to be taken to close the gap. She writes that “we must align programs and policies to better support the financial strength and security of families of color today, while keeping sight of the long-term benefits for all of creating a truly inclusive economy.”
Research shows that income volatility and significant declines in wealth have created a barrier to many families’ ability to weather unanticipated financial storms and achieve greater economic security. “At the W.K. Kellogg Foundation, we simply cannot disconnect this economic reality from other, equally important issues, including the persistent wealth gap affecting families of color and related, structural impediments to equality,” Montgomery Tabron said.
She goes on to discuss strategies and partners that the foundation is supporting to address these challenges and create a brighter and more equitable future for all.