In April, Experts of Color Network Members Darrick Hamilton, Sandy Darity, Anne Price, and Vishnu Sridharan published an important new report titled Umbrellas Don’t Make it Rain: Why Studying and Working Hard Isn’t Enough for Black Americans.

This report challenges America’s egalitarian promise of opportunity and individual agency. Research and public policy have traditionally focused on education and income as drivers of upward mobility. Umbrellas Don’t Make it Rain reveals that it’s the unearned birthright of inheritance or other family transfers that has the greatest effect on wealth accumulation, and likewise is the largest factor erecting barriers to wealth accumulation for people of color.

Click here to download the full report…