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Addressing the Racial Wealth Gap: Insights from the Lender Center for Social Justice

Economic experts, federal policymakers, and human services administrators recently convened in Washington, D.C., for a crucial discussion on the factors contributing to the growing racial wealth gap in America. The event, organized as part of a research initiative by the Lender Center for Social Justice and supported by a grant from MetLife Foundation, aimed to explore how academic research could offer policy recommendations to alleviate this pervasive divide.

Insightful Panel Discussions

The gathering included a panel discussion featuring prominent figures such as Josh Bivens, chief economist at the Economic Policy Institute; Haydar Kurban, professor of economics and director of the Center of Excellence in Housing and Urban Research and Policy at Howard University; and Cheri Hoffman, deputy commissioner of the Administration on Children, Youth, and Families at the U.S. Department of Health and Human Services. The speakers delved into the complex dynamics that contribute to the racial wealth gap and shared insights on potential policy interventions.

Navigating Policy Recommendations

Workshop presentations and discussions focused on effectively communicating policy recommendations to various stakeholders, including community members and policymakers. The goal was to bridge the gap between academic research and actionable policy measures that could positively impact the wealth gap.

Grant Impact and External Partnerships

Marcelle Haddix, associate provost for strategic initiatives at Syracuse University and co-founder of the Lender Center, emphasized the impact of the grant from MetLife Foundation. This funding allowed the center to engage external partners and stakeholders, fostering a more inclusive dialogue on the racial wealth gap. By broadening the participation of individuals and institutions, the Lender Center aims to generate diverse perspectives and contribute to comprehensive solutions.

Future Conversations and Initiatives

Looking ahead, the Lender Center plans to host similar conversations on the racial wealth gap in other cities. This initiative reflects a commitment to fostering ongoing discussions and collaborative efforts aimed at addressing and narrowing the racial wealth gap in the United States.

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