The Need for Stability

The basis for Blackstar Stability’s mission and purpose.

Wealth Gaps in America are Huge and Growing

  • The longest US economic expansion in history has pushed the wealth gap to the widest it has ever been
  • Gains across socio-economic and racial lines have been acutely disparate
  • The wealthiest 100 members of the Forbes list own as much as the entire African-American population
  • The racial wealth gap has more than tripled over the last 25 years
  • More than 100% of the recovery of median wealth from 2010-2016 was due to a high return on wealth, offset by negative savings

Homeownership is Key for Building Wealth

  • Nearly two-thirds of wealth for middle-income families is comprised by their principal residence
  • Uneven access to the housing finance system has led to divergent outcomes
  • Latino home ownership is increasing alongside income levels and education levels, accounting for more than 60% of the growth in the nation's homeownership rate within the last 10 years
  • Blacks' homeownership level is nearly 10% points below the level attained immediately prior to the housing crisis and lower than before the passage of the Fair Housing Act in 1968

Closing the Wealth Gap Benefits Everyone

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