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Why a Social Wealth Fund Must Account for Racial Inequity

There has never been a more critical, more insistent time to reimagine and implement economic policies to address the rise of extreme racial and economic inequality, and change the rules that govern power and the concentration of wealth.

Wealth — what you own minus what you owe — acts as the buffer between temporary setback and economic catastrophe; it allows us to live and retire with dignity and security. Without savings or wealth of some form, economic stability is built on a house of cards that quickly crumbles when income is cut or disrupted through job loss, reduced work hours or wages, or if families suffer from an unexpected health emergency.

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