We are all aware of the challenges facing our city — many due to a racial wealth gap exacerbated by years of biased economic policies and practices. According to the Chicago Community Trust, for every $1 of wealth accumulated by white families, Latino families have eight cents and Black families just one cent. And research from the U.S. Census’ most recent annual survey showed Blacks and Latinos are three times more likely to be unemployed than their white counterparts, a measure that puts Chicago 19th among the 20 largest U.S. cities.
We must close these gaps so all families can thrive in our city.
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