Written by Shannon Smith Jones and Warren McLean

The guilty verdict in the Derek Chauvin trial may bring accountability for the murder of George Floyd, but it certainly does not bring justice for all. Not for Daunte Wright’s family, nor for the hundreds of victims of police brutality in our city. As community leaders, we are keenly aware of our city’s mounting challenges, those of racially based policing and beyond. We must seize this moment to tackle systemic racial economic and judicial inequality using a holistic approach.

Minneapolis is often touted as a great place to live, but it is…

By: Lillian D. Singh and Ebony P. White, Prosperity Now

Corporate America has pledged billions to advance social justice since the killing of George Floyd. Some businesses have gone further, committing to concrete changes in their diversity, equity and inclusion practices. Philanthropy has committed millions in support of nonprofits globally and domestically aimed at promoting racial equity. Funder collaboratives have emerged across the country, namely Funders Organized for Rights in the Global Economy (FORGE) and California Black Freedom Fund. In addition, global challenges such as the Kellogg Foundation’s racialequity2030 have been created to address racial equity.

Many aim to build…

By Tonya Thomas, The Long Island Community Foundation

The month of January signifies a new beginning and brings the annual opportunity to spend a day celebrating the life and legacy of the civil rights activist, Rev. Dr. Martin Luther King, Jr. In one of Dr. King’s lesser-known speeches, delivered at the Fourth Constitutional Convention of the AFL-CIO in December 1961, he spoke of “A dream of equality of opportunity, of privilege and property widely distributed.” Dr. King spoke of “the day when we shall bring into full realization the dream…yet unfulfilled.”

This year has brought with it social and political…

Written by Arohi Pathak & Rebecca Thompson, Prosperity Now, and Dominique Mann & Jahvita Rastafari, Code for America

Prior to the COVID-19 public health crisis, one-third of U.S. families had no savings at all, and four in ten adults did not have $400 in savings to cover unexpected expenses. Over the last several months, many vulnerable populations have lost jobs and savings, and have exhausted their financial safety nets, pushing too many low-income households closer to the edge of a financial cliff.

Yet there are some glimmers of hope. The CARES Act provided economic relief for American households, in the…

Written by Gary L. Cunningham, President & CEO of Prosperity Now

COVID-19 has ripped through the American economy like a tornado, leaving financial havoc in its wake. The racial economic divide has long been suppressed in the nation’s equal opportunity narrative. The dual crises — social unrest and COVID-19 — mean the full story can be censored no longer.

But out of chaos comes opportunity. We have a chance to build a new economy — one that serves all Americans. …

Written by David Newville and Guillermo Cantor, Prosperity Now

Today, an analysis of a recent nationwide survey of lower-income households was released that provides insights into how they have weathered the economic impact of the COVID-19 pandemic thus far. The survey also paints a picture of how the financial situation of many of these households could drastically worsen as federal government assistance fades or expires, and there is no clear path to an agreement in Congress on the next stimulus package.

Our organization, Prosperity Now, fielded a survey among 2252 households across the country with incomes below $50,000 to better understand how they were managing their financial lives through…

Written by Kylie Patterson, Equity Vision Consulting, and Lillian Singh, Prosperity Now

Photo credits: @paintsinstitute @downtowndcbid @denversmithfoundation @monicagrover — 2 photos from a collection of murals in Beautifying Downtown through BLM Art Project Chinatown-Gallery Place Washington DC on June 7, 2020

To be clear, millions of Black people will not celebrate Juneteenth this year. We will not celebrate because we do not want to mark the end of a terrible moment in American history that made way for our persistent economic exclusion. We won’t celebrate because in spite of demonstrations, statements, and new policies, our reality has not changed. Racial inequality and in particular, racial wealth inequality, still reigns.

Perhaps, it is better to start at the beginning: What is Juneteenth? It is not the day Black slaves were emancipated. The Emancipation Proclamation preceded Juneteenth by almost two and half years…

by Andrea Levere, President Emerita, Prosperity Now

When Prosperity Now began its journey four decades ago, the broader economic justice field rarely focused on the issue of wealth inequality. During the time since, our entire field has come to understand that a core imperative of our work to build financial well-being is in narrowing the wealth divide — especially by race. Our field has come to accept and act on this imperative, but I think we all understand, whether we are practitioners, policymakers, or investors, that we still have a long way to go.

I have seen multiple programs and…

Editor’s note: This post has been adapted from a speech on the state of the asset-building field delivered at the 2018 Prosperity Summit by Andrea Levere, President of Prosperity Now. This is the second of a two-part series, “Advancing Economic Justice Today”. Part one of the series takes stock of the challenges and victories the asset-building field has experienced over the last two years. This post examines the current state and future of the asset-build movement.

Where is the asset-building movement today? We face the future as a mobilized community, shaping our solutions with the insights from the communities…

By Andrea Levere

Editor’s note: This post has been adapted from a speech on the state of the asset-building field delivered at the 2018 Prosperity Summit by Andrea Levere, President of Prosperity Now. This is the first of a two-part series, “Advancing Economic Justice Today”. This post takes stock of the challenges and victories the
asset-building field has experienced over the last two years. Part two examines the
current state and future of the asset-build movement.

It feels as if justice and opportunity are eroding every day. Out of the long list of disturbing events and actions that have occurred…

Prosperity Now

Prosperity Now works to ensure everyone in our country has a clear path to financial stability, wealth and prosperity.

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